Wednesday, 14 April 2021 | The Latest Buzz for the Appraisal Industry

Mortgage Applications Fall as Rates Continue to Rise

Mortgage application volume decreased 5.1% during the week ended April 2, as mortgage rates continued their upward trend, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.

Applications for refinances fell 5% and were 20% lower compared with the same week one year ago.

Applications for purchases also fell 5% compared with the previous week but were up 51% compared with a year ago.

On an unadjusted basis, total volume decreased 5% compared

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