Mortgage applications decreased 0.8% this week (by 2 Sep)

but the refinance share of mortgage activity increased to 30.7% of total applications

But adjustable-rate mortgage share of activity remained unchanged at 8.5% of total applications

Average contract interest rates  with conforming loan balances increased to 5.94% from 5.80%.

Average contract interest rates  with conforming loan balances increased to 5.94% from 5.80%.

Mortgage rates moved higher over the course of last week

Average contract interest rates  with conforming loan balances increased to 5.94% from 5.80%.

Mortgage rates moved higher over the course of last week

now the expectation is short-term rates to move and stay higher for longer.

economist indicates that There is no sign of a rebound in purchase applications yet

Average contract interest rates  with conforming loan balances increased to 5.94% from 5.80%.

Mortgage rates moved higher over the course of last week

now the expectation is short-term rates to move and stay higher for longer.

economist indicates that There is no sign of a rebound in purchase applications yet