Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll

Econ & Housing

A sign of a home for sale is pictured in Alhambra, California on May 4, 2022.Frederic J. Brown | AFP | Getty ImagesMortgage rates actually fell slightly last week, but the damage has already been done to housing affordability. Both refinance and purchase loan demand dropped, pulling total mortgage application volume down 11% for the…

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

Products You May Like

Articles You May Like

Interest Rate Market Update
Stock futures are little changed after second straight day of losses for S&P 500, Dow: Live updates
Promising signs abound for 2024 housing market
US close: Stocks rise ahead of non-farm payrolls
Fort St. John Sawmill affected by December curtailment – Energeticcity.ca