Mortgage Applications Dip as Rates Stay Above 6%, Discouraging Refinancing

Mortgage Applications Dip as Rates Stay Above 6%, Discouraging Refinancing Mortgage applications retreated during the week leading up to the Fourth of July weekend, driven down by a drop in refinancing applications as borrowing costs rates remained high, according to the Mortgage Bankers Association. For the week ending on July 3, MBA’s Market Composite Index—a
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