Demand for mortgages experienced a decline during the holiday season, despite the favorable trend of decreasing interest rates. The decrease in demand can be attributed to various factors, potentially reflecting a temporary slowdown in the housing market. Despite the drop-off, experts remain optimistic about the overall strength of the mortgage industry.
Key points:
– Demand for mortgages decreased during the holiday season, despite falling interest rates.
– The drop-off in demand may be attributed to seasonal factors affecting the housing market.
– Experts maintain a positive outlook for the mortgage industry, anticipating a potential rebound after the holiday period.
You can read this full article at: https://www.housingwire.com/articles/mortgage-demand-slumps-over-the-holidays/(subscription required)
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