Updated almost 12 years ago on . Most recent reply
Mortgage apps up 11.9%
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Many of these are a result of the Dodd-Frank changes that took affect on the 14th which lowers the borrower's DTI from 45%-43%. While 2% doesn't sound like much, for a lot of potential first time homebuyers these changes will knock them out of the pool. A lot of people rushing to get in before the changes kicked in.
Starting next week I believe you will see the rate drop significantly.