Estimated reading time: 0 minutes, 17 seconds

Cooling Refinance Demand Drags Down Mortgage Activity

Demand for mortgages, particularly refinances, has kept declining as mortgage rates recover. So reports CNBC.

MBAThe Mortgage Bankers Association’s seasonally adjusted index dropped 2.8% in the week ending November 12, as refinance applications slid by 5%.

MBA economic forecaster Joel Kan said in a statement that “activity has been particularly sensitive to rate movements.”

Read the full article from CNBC

Read 230 times
Rate this item
(0 votes)

FOLLOW US

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.