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Mortgage Demand Fizzles, But Could See Boost as Rates Drop

Friday, Mar 04 2022
Lending
Written by  The Mortgage Leader

Although appetite for mortgages wavered in the most recent weekly survey, demand will likely revive soon as the Russian invasion of Ukraine impacts interest rates. So reports CNBC.

ukraine g2afeb4ef7 640Mortgage application volume fell 0.7% on a seasonally adjusted basis in the week ending February 25, according to the Mortgage Bankers Association.

But mortgage rates generally track the yield on the U.S. 10-year Treasury, and yields have dropped since investors poured into the bond market, prompted by the war in Ukraine.

Read the full article from CNBC.

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