Mortgage Applications Plunge as Rates Rise and Fed Prepares To Hike

Mortgage Applications Plunge as Rates Rise and Fed Prepares To Hike

Mortgage Applications Plunge as Rates Rise and Fed Prepares To Hike Mortgage applications fell this past week as concerns over inflation and an expected Federal Reserve interest rate hike put a chill on the market, according to the Mortgage Bankers Association. For the week ending Sept. 11, MBA’s Market Composite Index—a measure of total mortgage
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