Weekly Mortgage Applications – 11-11-16

weekly-mortgage-applications-11-11-16

November 11 2016 Weekly Mortgage Applications

  • Percent Change for Weekly Residential Mortgage Applications
  • Mortgage applications decreased 9.2 percent for the week ended November 11, 2016
  • Mortgage apps have decreased for the last 4 weeks
  • Mortgage apps move in the inverse direction of rates. Rates vary due to stock fluctuations and due to less than expected financial results or less than expected job growth
  • The Presidential election and upcoming Federal Reserve meeting has caused rates to move up,resulting in a decline of mortgage apps

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