More US Homebuyers Apply For Riskier Mortgages As Interest Rates Top 7% Authored by Andrew Moran via The Epoch Times, Higher interest rates pushed prospective homebuyers toward riskier mortgages last week, new industry data show. The total volume of mortgage applications declined almost 2 percent for the week ending Sept. 18, according to a report released by the Mortgage Bankers Association on Sept. 23. This represented the third consecutive weekly drop. Applications for a mortgage to purchase a home fell 1 percent and were down 11 percent from the same time a year ago. Refinancing applications also fell to their… — Continue at ZeroHedge News : Read More
