MBA veri show mortgage applications fell 2.3% as the 30-year fixed rate rose to 6.56% and the purchase index dropped 4%.

Pending sales rose to 78,006 and purchase apps rose 7% yearly, even as mortgage rates hit highs and yields neared 4.60%.

Pending sales rose to 78,006 and purchase apps rose 7% yearly, even as mortgage rates hit highs and yields neared 4.60%.

Mortgage applications rose 1.7% in MBA’s weekly survey as purchase demand climbed 4% and the 30-year fixed rate increased to 6.46%.