According to the Mortgage Bankers Association’s seasonally adjusted index, mortgage application volume inched up by 0.3% in the week ending October 22.
The refinance index was down 2% for the week and 26% from the equivalent period last year.
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Appetite for mortgages has held steady overall though refinance demand has waned amid rising interest rates. So reports RISMedia.
According to the Mortgage Bankers Association’s seasonally adjusted index, mortgage application volume inched up by 0.3% in the week ending October 22.
The refinance index was down 2% for the week and 26% from the equivalent period last year.