Mortgage applications drop 4.1% over Fed rate uncertainty

Julie C. Nichols General

Reblogged from #CNBC – @DianaOlick

The mortgage market should be heating up with the spring temperatures, but it’s not.

Despite strong buyer demand in the housing market, mortgage applications decreased 4.1 percent last week from the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association.

Despite the drop, they are still 42 percent higher than the same week one year ago.

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