Glenn McCullom

The share of mortgage refinance applications dropped to its lowest level in nearly 10 years as interest rates continued to climb.

Mortgage industry hiring and new job appointments for the week ending March 16.

Mortgage industry hiring and new job appointments for the week ending March 9.

Mortgage rates increased for the ninth consecutive week, moving in reaction to bond and stock market volatility.

Mortgage application activity increased slightly from one week earlier even as the rate for the 30-year conforming loan rose to its highest level in four years.

Mortgage industry hiring and new job appointments for the week ending March 2.

The new Federal Reserve Board chairman's testimony in Congress was the driver of this week's mortgage rate increase, according to Freddie Mac.

Higher levels of purchase activity even with rising interest rates drove the increase in mortgage applications compared with one week earlier.

Mortgage industry hiring and new job appointments for the week ending Feb. 23.

The 30-year fixed mortgage rate moved up for the seventh consecutive week with further increases possible as bond yields rise over concerns about higher inflation.