Estimated reading time: 0 minutes, 26 seconds

Mortgage Demand Dips to 22-Year Low

Appetite for home loans has sunk to levels not seen since the turn of the millennium. So reports The Real Deal.

MBAThe Mortgage Bankers’ Association’s seasonally adjusted index fell 2.3% in the week ending August 12 to its lowest since November 2000.

“Home purchase applications continued to be held down by rapidly drying up demand, as high mortgage rates, challenging affordability, and a gloomier outlook of the economy kept buyers on the sidelines,” MBA’s Joel Kan said in a statement,

Read the full article from The Real Deal.

Read 691 times
Rate this item
(0 votes)

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.