Lending

June 18, 2013
Mortgage applications reverse, decline again

Mortgage applications fell 3.3% for the week ending June 14 as home purchases and refinancings cooled.

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In January 2014, the qualified mortgage rule issued by the Consumer Federal Protection Bureau takes effect. As the date draws near, concerns from industry professionals continue to grow.

Climbing mortgage rates have yet to disrupt home affordability—a trend that's likely to continue through the rest of this year, Freddie Mac claims in a new report.