New Disclosure Rules Push Mortgage Applications Higher

New disclosure rules, under the TILA-RESPA regulatory change, pulled forward mortgage applications in the October 2 week. Purchase applications rose 27 percent with refinance applications up 24 percent. Lower rates also drove applications higher with the average 30-year fixed loan for conforming mortgages ($417,000 or less) down 9 basis points in the week to 3.99 percent.