Mortgage applications rise slightly as rates decline for second straight week
Mortgage demand ticked up last week as interest rates declined for a second week in a row. Applications increased by 0.5% on a seasonally adjusted basis during the week ending May 10, according to the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey. “Treasury yields continued to move lower last week and mortgage rates declined [...]read moreMortgage applications rise slightly as rates decline for second straight week