According to the Mortgage Bankers Association’s seasonally adjusted index, mortgage applications ticked higher 0.2% for the week ending October 8.
While mortgage applications to buy a home rose 2%, refinance applications fell 1% for the week.
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With mortgage rates inching upward recently, overall demand for mortgage loans has flattened. So reports CNBC.
According to the Mortgage Bankers Association’s seasonally adjusted index, mortgage applications ticked higher 0.2% for the week ending October 8.
While mortgage applications to buy a home rose 2%, refinance applications fell 1% for the week.