Weekly Mortgage Refinance Applications Rise, Even as Home Purchase Demand Falls.
PUBLISHED WED, OCT 16 2019
Mortgage interest rates rose last week, but that didn’t throw any cold water on the mini-refinance boom that’s been going on for the last month.
Applications to refinance a home loan rose 4% from the previous week, according to the Mortgage Bankers Association.
But mortgage applications to purchase a home fell 4% for the week.