Refinancings, mortgage rates down as agencies postpone new fee

Refinancing activity and mortgage rates were down last week, while new purchases held relatively steady — but still much higher than a year ago. The index tracking volume of mortgage applications to buy homes each week, known as the purchase index, decreased a seasonally adjusted 0.2 percent from the previous week. The metric, from the Mortgage Bankers Association, was 28 percent higher than it was the same time last year, marking the 15th straight week

source https://therealdeal.com/2020/09/02/refinancings-mortgage-rates-down-as-agencies-postpone-new-fee/