Mortgage applications rise 2.7 percent as rates take a brief breather from surge

• February 28, 2018
• realestate
• Announcements, Business & Markets, Real Estate, Real Estate Finance, Your Real Estate Life

After rising sharply for weeks, mortgage interest rates steadied last week, and homebuyers responded, the Mortgage Bankers Association says.

Total mortgage application volume increased 2.7 percent, seasonally adjusted, from the previous week.

The increase was driven by homebuyers, who have been sidelined significantly this year by a record low number of listings and by weakening affordability.