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Even As Rates Rise, Mortgage Demand Inches Up

  • November 20th

by UrbanTurf Staff

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Even though mortgage rates rose last week, demand for both purchase and refinance applications inched up. 

Mortgage application volume rose 2% over the last week, the Mortgage Bankers Association (MBA) reported on Wednesday. Applications to refinance a home also increased about 1%. 

“For-sale inventory has loosened in some markets and some potential buyers have been able to take advantage of increasing supply and lower FHA rates which were down slightly in comparison to the conforming 30-year fixed rate,” MBA economist Joel Kan said in a release.

See other articles related to: mortgage demand

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/even_as_rates_rise_mortgage_demand_inches_up/22941.

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