Bankers lower their mortgage demand outlook for the year as rising rates hurt affordability

Econ & Housing

A sign advertising home mortgage services at a Bank of America branch in Manhattan Beach, Calif.Patrick T. Fallon | Bloomberg | Getty ImagesThe nation’s mortgage bankers are scaling back their expectations for the year as rapidly rising rates make it even more expensive to buy a home.The Mortgage Bankers Association now calls for overall mortgage…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Eurozone inflation rises to 8.6 percent, the highest ever, driven by high energy prices.
Mortgage rates pause on upward climb
Indigenous Forest and Carbon
How to Invest in Lumber Stocks: A Tutorial for Investors
Stock market news lives updates: Stocks kicks of July with gains after the S&P 500’s worst first half since 1970