Mortgage demand stalls again, even as interest rates swing briefly lower

Econ & Housing, The Daily Buzz

After rising steadily for three weeks, mortgage rates dipped slightly last week, prompting a small increase in refinance activity. Activity from homebuyers, however, pulled back further, leaving total mortgage demand basically flat from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with…

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

Articles You May Like

Limited Time 15% Promo!
Housing Market Tracker: Holiday impacts inventory
Stock market today: Wall Street stays steady, oil drops again
The Dollar Is Holding Firm. What It’s Flagging About the Fed’s Next Rate Move.
Roseburg Forest Products chooses Siempelkamp as equipment supplier for planned MDF Plant in Oregon
Cash Rules, New Study Finds — RISMedia