Mortgage Apps Are Down & Refinancing Is Lowest In 20 Years!

Mortgage applications are down and refinancing is the lowest it has been in 20 years!  

The Mortgage Bankers Association reports total applications were off by half-a-percent last week. 

Applications to refinance existing loans fell 2 percent.  The national average for a 30-year-fixed rate mortgage is down five basis points, to 4.79 percent.  

Applications for loans to buy homes rose 1 percent last week.

Sponsored Content

Sponsored Content