Rising Rates Channel Mortgage Applications Tank 7.1% as Interest Rates Surge By Ben Hernandez October 22, 2018 As interest rates continue to ascend, the cost to finance the purchase of a home or for an existing homeowner to refinance gets more expensive. CNBC’s Diana Olick reports on mortgage applications falling. For more investment strategies, visit the Rising Rates Channel. VISIT ETFTRENDS.COM » Related Tags Banksfederal funds rateFederal Reserveinterest ratesRates