Glenn McCullom

Mortgage rates dropped for the fourth consecutive week and hit their lowest level in nearly seven months, according to Freddie Mac.

Lower rates led to an increase in both purchase and refinance applications compared with the previous week. according to the Mortgage Bankers Association.

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

Mortgage rates inched lower for the third consecutive week and set a new low for the year, according to Freddie Mac.

Application volume decreased 3.4% from one week earlier, according to the Mortgage Bankers Association.

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

Mortgage rates hit their lowest mark of the year, as they were affected by the stock market sell-off on May 17, according to Freddie Mac.

Application volume increased 4.4% from one week earlier as rates hit their lowest level in seven months, according to the Mortgage Bankers Association.

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

While mortgage rates dropped just three basis points this past week, Wednesday's stock market sell-off could drive them even lower going forward, according to Freddie Mac.