Mortgage app volumes higher to start the year 7 Hours Ago | 01:13 http://pdl.iphone.cnbc.com/VCPS/Y2017/M01D10/3000582920/3ED4-FM-PISANI-011017_L.mp4 The new year brought a new sense of caution among investors that in turn caused interest rates to pull back after a month of marching higher. That was enough to put a little juice back into the mortgage market: Total mortgage application volume increased 5.8 percent on a seasonally adjusted basis last week from the previous week. The Mortgage Bankers Association included an adjustment for the New Year's holiday. Application volume, however, is 25 percent below year-ago levels. Applications to refinance a home loan, which are most rate-sensitive, rose 4 percent for the week, seasonally adjusted, but are 32 percent lower from the same week a year ago. Refinance volume had been falling steadily since economic ebullience following the presidential election of Donald Trump drove investors to the stock market...
Residential Moving Services