Mortgage Demand Levels Off as Rates Rise Again

MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.

Estimated reading time: 0 minutes, 19 seconds

Friday, Nov 11 2022

Written by The Mortgage Leader

With mortgage rates on the rise, consumer demand for mortgages has inched in the opposite direction. So reports CNBC.

MBA The Mortgage Bankers Association’s seasonally adjusted index shows that mortgage applications edged down 0.1% in the week ending November 4.

MBA economist Joel Kan cited rising interest rates. Refinance demand was 87% lower than in the same week a year ago.

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