The MBA’s weekly mortgage application index experienced a significant decline of 6.7% despite the fact that mortgage rates remained stable. This unexpected drop raises concerns within the industry and prompts experts to examine potential factors contributing to this downward trend.
Key points:
– MBA’s weekly mortgage application index decreased by 6.7%
– Mortgage rates remained unchanged during the same period
– Industry experts are investigating potential reasons behind the decline in mortgage applications
You can read this full article at: https://www.housingwire.com/articles/mortgage-demand-sinks-another-6-7/(subscription required)
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