Tag Archives: Loan Demand Continues to Soften

Applications for mortgage refinances continued to tumble last week as mortgage rates hovered near two-year highs. The total number of mortgage applications “including refinances and home purchases” dropped 1 percent last week compared to the prior week, according to the Mortgage Bankers Association. Applications for refinances were down 1 percent, reaching its lowest level in two years. The index measuring applications for home purchases “an indicator for future home sales” dropped 2 percent last week compared to the previous week. After climbing every week since May, mortgage rates did drop […]