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Mortgage activity hovers at slowest pace since 1997

Por: Fox Business Business October 26, 2022

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Check out what's clicking on FoxBusiness.com The continued rise in mortgage rates is putting a wet blanket over several areas of the mortgage market. Requests for declined 1.7% from the prior week, according to the weekly survey by the Mortgage Banker's Association.Mortgage rates increased for the 10th consecutive week, with the 30-year fixed rate reaching 7.16 percent, the highest rate since 2001, said Joel Kan, MBA’s vice president... + full article



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