Glenn McCullom

With 30-year mortgage rates reaching a four-year high, loan application activity was lower this past week, according to the Mortgage Bankers Association.

Mortgage rates rose to their highest level in almost four years, as worries over inflation drove the 10-year Treasury yield to just shy of 3%.

Rising rates, largely tied to the stock market turmoil, took their toll on mortgage application volume during the past week.

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

Mortgage rates hit their highest mark since December 2016 as bond yields were affected by the roller coaster stock market, according to Freddie Mac.

Even as rates hit their highest levels in nearly four years, mortgage application volume increased compared with one week earlier, according to the Mortgage Bankers Association.

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

Mortgage rates, which are significantly higher since the start of the year, are likely to rise for weeks to come, according to Freddie Mac.

Rising rates suppressed total mortgage application activity, which decreased 2.6% from one week earlier, according to the Mortgage Bankers Association.

Mortgage industry hiring and new job appointments for the week ending Jan. 26.

Mortgage rates rose for the third consecutive week and with expected continued economic growth, further increases are likely.

Purchase loan applications were at their highest level in nearly eight years because of rising interest rates, according to the Mortgage Bankers Association.

Mortgage industry hiring and new job appointments for the week ending Jan. 19.

Given the improving U.S. economy, mortgage rates will probably not fall back under the 4% mark anytime soon.

Even as mortgage rates rose to their highest level since March, application activity increased from one week earlier, according to the Mortgage Bankers Association.

Mortgage industry hiring and new job appointments for the week ending Jan. 12.

Mortgage rates jumped across the board as investors sold some of their Treasury bond holdings, which led to higher yields, according to Freddie Mac.

Mortgage application volume started the year on the upswing because of higher refinance activity, even with a slight increase in rates.

Mortgage industry hiring and new job appointments for the week ending Jan. 5.

Mortgage rates dropped to start the year as the markets had little new news to react on during the holiday period.