Mortgage applications saw a significant decline just before the Memorial Day weekend, dropping 5.7% on a seasonal basis compared to the previous week. This decrease may be attributed to several factors affecting the housing market at this time.
Key points:
– Mortgage application volume fell by 5.7% on a seasonal basis
– The decline was noticeable heading into the Memorial Day weekend
– Various factors may have contributed to this drop in applications
You can read this full article at: https://www.housingwire.com/articles/mortgage-demand-slides-to-lowest-level-since-early-march/(subscription required)
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