Loan Demand Eases, Even as Rates Hold Steady
UncategorizedMortgage applications dropped 3.6 percent last week compared to the prior week, as mortgage rates mostly held steady, the Mortgage Bankers Association reports. ‘A recent run-up in interest rates has curbed some individuals’ appetite to buy a new home and reduced the appeal of mortgage refinancing, while mortgage rates have steadied somewhat after a torrid increase this summer, The Wall Street Journal reports. The refinance index dropped 3.8 percent last week, mostly attributed to a big drop in the government refinance index. Loan applications for home purchases, viewed as an […]
