Monday, August 3, 2020
APPLY NOW PURCHASE REFINANCE CONSOLIDATE DEBT HOME EQUITY LOAN
 
Does your house need attention?
Why not give it a facelift? Refinancing your home could be the answer.
 

Mortgage Demand Falls for Second Week

Mortgage News > Mortgage Demand Falls for Second Week
Date: 07/01/2020    Mortgage Demand Falls for Second Week

The number of applications for home purchase mortgages fell 1% this week, marking two weeks of declines, according to the Mortgage Bankers Association. Even though purchase loan volume is up 15% from last year, the recent decreases may indicate the housing market is slowing down. “The weakening in activity is potentially a signal that pent-up demand is starting to wane and that low housing supply is limiting prospective buyers’ options,” said MBA economist Joel Kan. Refinance mortgage applications fell 2% for the week but rose 74% from a year ago.

back