Iowa Bankers Association Iowa Bankers Insurance & Services, Inc.
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
Fax: 515-280-4140

Weekly Mortgage Applications Activity Drop Over 8%

:Weekly Mortgage Applications Activity Drop Over 8% as Interest Rates Jump Briefly

A sudden spike in mortgage rates caused an abrupt end to the recent refinance boom, pushing total mortgage application volume down 8.4% last week from the previous week, according to the Mortgage Bankers Association.
https://www.cnbc.com/2020/03/18/weekly-mortgage-applications-drop-over-8percent-as-interest-rates-jump.html

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