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Mortgage Demand Posts First Weekly Increase Since June

Sunday, Aug 07 2022
Lending
Written by  The Mortgage Leader

A key weekly measure of mortgage demand has edged upward, marking its first weekly rise since June 24. So reports CNBC.

MBAThe Mortgage Bankers Association’s seasonally adjusted index of mortgage application volume increased 1.2% in the week ending July 29.

Refinance demand was up 2% from the previous week but still down 82% from the same period a year earlier, according to the MBA.

Read the full article from CNBC.

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