Estimated reading time: 0 minutes, 18 seconds

Mortgage Applications Fall Despite Historically Low Rates

Monday, Oct 19 2020
Lending
Written by 

Historically low interest rates haven’t stopped mortgage applications from posting a decline. So reports CNBC.

!--more-->According to the Mortgage Bankers Association’s seasonally adjusted index, fell 0.7% for the week ending October 9.

Refinance applications were down 0.3% for the week but up 44% from last year, though the year-over-year difference had been 100% at other points in 2020.

Read the full article from CNBC.

Read 1577 times
Rate this item
(0 votes)
More in this category: « Stearns Lending Promotes Steve Smith to President Why California May Be the Best State for Your New Lending Business »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline