Ooops! Mortgage Rates Plunging, But Applications Keep Falling

Despite mortgage rate plunging to near two-year lows, the mini refi-boom has stalled and purchase applications continue to plunge...Overall mortgage applications fell 6.2% from last week with both refi (-7.6%) and purchase (-4.0%) sliding. Purchase apps are back at their lowest since February

 

 

 

 

 

 

 

https://www.zerohedge.com/news/2019-08-28/mortgage-applications-plunge-purchases-hit-6-month-lows

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