Although mortgage rates fell for a second successive week, it wasn’t enough to prompt more demand from potential buyers. The Mortgage Bankers Association reported that mortgage rates fell 10 basis points last week and are now down 24 points over the past two weeks. However, demand for mortgages fell 5.4% last week. The MBA said […]
Demand for mortgages hits the lowest level in four years
June 7, 2022 by
Demand for mortgages in the U.S. has fallen to its lowest level since December 2018, even though there was a slight decline in interest rates last week. The Mortgage Bankers Association reported that mortgage applications fell by a single percentage point last week, compared with the week prior. More telling is that mortgage application volume […]
