DailyMarkets.com - US Mortgage Applications Decrease As Mortgage Rates Rise

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US Mortgage Applications Decrease As Mortgage Rates Rise Posted: 06 Dec 2013 06:36 AM PST This week mortgage applications decreased 12.8% compared to last week. This is a very large decrease especially taking into account the adjustment for Thanksgiving holiday. One reason for this decrease in mortgage applications could be the increase in mortgage rates we have seen the past two weeks, since higher mortgage rates usually dissuade people from applying for a mortgage. All mortgage rates increased this week to their highest rates since September, except for 1-year adjustable … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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