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Tag: Mortgage Bankers Association

Mortgage demand has fallen 41% since the Fed cut interest rates by 50 basis points

Posted on | Posted on angela | Leave a Comment on Mortgage demand has fallen 41% since the Fed cut interest rates by 50 basis points
Mortgage demand has fallen 41% since the Fed cut interest rates by 50 basis points

Mortgage demand fell for the sixth straight week due to higher mortgage rates, according to weekly applications survey data released Wednesday Mortgage Bankers Association (MBA). The number of applications fell by a seasonally adjusted 10.8% in the week ending November 1st. Since the last spike in applications in the week of September 20th, which paradoxically […]