The Mortgage Bankers Association said they tumbled 10.5% last week, the biggest fall-off in four months. While the foreclosure crisis may be playing a role in the decline, rising interest rates are also partly to blame.
Continue reading Foreclosure Crisis + Higher Rates = Fewer Mortgage Applications
Foreclosure Crisis + Higher Rates = Fewer Mortgage Applications originally appeared on DailyFinance on Thu, 21 Oct 2010 06:30:00.
Filed Under: Economy, JP Morgan Chase, Bank of America, Real Estate, Credit