Sunday, 11 April 2021 | The Latest Buzz for the Appraisal Industry

MBA: Rates Rise, ‘Shutting off Refinance Incentives for Many Borrowers’

According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 19, mortgage applications decreased 2.5 percent on a seasonally adjusted basis from one week earlier.

The Refinance Index decreased 5 percent from the previous week and was 13 percent lower than the same week one year ago, while the seasonally adjusted Purchase Index increased 3 percent from one week earlier. The unadjusted Purchase Index increased 3 percent compared

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