Mortgage applications

Fewer people are lying when buying or selling a home in South Florida.

Economic uncertainty continued to affect mortgage rates, which rose to their highest level in 12 weeks, according to Freddie Mac.

Interest rate swings during this past week resulted in a decline in both refinance and purchase mortgage applications compared with the previous period, according to the Mortgage Bankers Association.

Mortgage applications to purchase new homes dropped 8% in September from August, as ongoing uncertainty over interest rate movements and economy likely kept buyers out of the market, the Mortgage Bankers Association said.

Mortgage applications increased 0.5% from one week earlier, although interest rate instability affected consumers' ability to get the best price for their loan, according to the Mortgage Bankers Association.

Mortgage applications jumped 5.2% from one week earlier as a drop in rates caused another surge in refinances, according to the Mortgage Bankers Association.

Economic issues were the biggest influence on average mortgage rates in the past week, although two trackers moved in different directions.

Mortgage applications increased 8.1% from one week earlier as conventional mortgage rates fell under 4% again, according to the Mortgage Bankers Association.

The recent spike in mortgage interest rates reduced home purchase application activity last week, contributing to a 10.1% decline in total activity, according to the Mortgage Bankers Association.

Mortgage rates had their largest week-to-week uptick since October 2018 as bond market investors reacted to positive news about the economy, according to Freddie Mac.