Mortgage Applications Rise 14% on interest rate drop
Check this out! Mortgage Applications Rise 14% while interest rates drop.. The high play leading up to and following the Federal Reserve’s decision to not increase interest rates had their lenders as well as mortgage borrowers active last week.Overall application quantity soared 13.9 percent on a seasonally adjusted basis for the week ended Sept. 18 versus the earlier week, according to the Mortgage Bankers Association (MBA). The preceding week had an adjustment for the Labor Day holiday.