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Mortgage Demand Remains Flat

  • March 27th

by UrbanTurf Staff

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Mortgage demand was flat last week even as long-term interest rates didn't move very much. 

Total mortgage application volume fell 0.7% week-over-week, the Mortgage Bankers Association (MBA) reported on Wednesday. 

“Mortgage application activity was muted last week despite slightly lower mortgage rates. The 30-year fixed rate edged lower to 6.93 percent, but that was not enough to stimulate borrower demand,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “Purchase applications were essentially unchanged, as homebuyers continue to hold out for lower mortgage rates and for more listings to hit the market.

See other articles related to: mortgage demand

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/mortgage_demand_remains_flat/22126.

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