Mortgage demand experienced a notable increase of 2.6% in the past week. This rise can be attributed to the decrease in interest rates, which occurred in response to reports of a slowing job market. The combination of favorable interest rates and economic indicators led to heightened activity in the mortgage market.
Key points:
– Mortgage demand increased by 2.6% in the past week
– Interest rates decreased in response to news of a slowing job market
– The decrease in interest rates contributed to the rise in mortgage demand
– The combination of favorable interest rates and economic indicators drove heightened activity in the mortgage market.
You can read this full article at: https://www.housingwire.com/articles/mortgage-applications-tick-up-as-interest-rates-ease-mba/(subscription required)
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