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Mortgage Demand Flat for Second Straight Week

Mortgage News > Mortgage Demand Flat for Second Straight Week
Date: 11/06/2019    Mortgage Demand Flat for Second Straight Week

Even though mortgage interest rates fell, total U.S. mortgage application volume was almost unchanged for the second week in a row, according to the Mortgage Bankers Association. Total volume was down 0.1%, with refinance requests climbing 2% and home purchase applications falling 3%. Meanwhile, the average rate on a 30-year fixed rate declined to 3.98% with 0.37 point, down from 4.05% the week before.

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