Teri L. Pierce

NMLS # 279973

801-272-0600

teri@advancedfunding.com

Teri L. Pierce Mortgage Loan Advisor

Mortgage Applications Rise as Interest Rates Fall

Mortgage Applications Rise as Interest Rates Fall

More Utahns applied for mortgage loans this week, according to the Mortgage Bankers Association, in response to a three-week trend of falling interest rates. The MBA's mortgage application volume index rose 2% from the week before but is still down 19% from one year ago. Refinance loan requests made a big jump, climbing 6% while home purchase applications only increased by 1% in the latest week.
 

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