Mortgage applications up, rates down

Courtney Schlisserman over at Bloomberg News reported the good news that the MBA (Morgage Banker’s Association) showed that mortgage applications were up last week, and that overall, rates were down.   It would nice to see this trend continue, but as summer is drawing to a close, the coming weeks will see applications taper off now that summer is winding down, and the majority of people looking to move this year already have.  Rate could drop to fuel refis, but I don’t see that happening.

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