Friday, October 23, 2020
APPLY NOW PURCHASE REFINANCE CONSOLIDATE DEBT HOME EQUITY LOAN
 
Consolidating your debt can save you unnecessary stress and sleepless nights.
Find out how to get started right here!
 

Mortgage Demand Falls Despite Lower Rates

Mortgage News > Mortgage Demand Falls Despite Lower Rates
Date: 09/30/2020    Mortgage Demand Falls Despite Lower Rates

Fewer Americans applied for a mortgage this week, even as home loan rates dropped to a new all-time low. The average rate on a 30-year fixed-rate mortgage fell to 3.05% with 0.52 points, down from 3.10% the week before. Meanwhile, total mortgage application volume decreased 4.8%, according to the Mortgage Bankers Association, with home purchase requests falling 2% and refinance applications declining by 7%. Refinance requests were still up 52% compared with the year before though.

back