According to multiple industry sources, mortgage rates have reached the highest point in recent months, and may continue to rise. This news may prompt those who have been waiting to refinance or purchase to take action now.
October 2021
Residential Mortgage Application Volume has Decreased
Recent months have seen a reduction in residential mortgage applications. There are varying speculations as to the reasons for this decline in applications:
- Waiting for Rates to Reduce Further
- Concerns over the Future of Economy
- Pandemic Resurgence Causing Hesitation