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Mortgage Demand Drops Again

  • September 6th

by UrbanTurf Staff

Mortgage rate chart 08-31-23 (1).png

Mortgage demand fell again this week. 

Mortgage application volume dropped about 2% last week compared to the previous week, the Mortgage Bankers Association (MBA) reported on Wednesday. 

"Both purchase and refinance applications fell, with the purchase index hitting a 28-year low, as prospective buyers remain on the sidelines due to low housing inventory and elevated mortgage rates,” Joel Kan, MBA’s Vice President and Deputy Chief Economist, said in a release. 

On Thursday, Freddie Mac will release its weekly interest rates. 

See other articles related to: mortgage demand

This article originally published at https://dc.urbanturf.com/articles/blog/mortgage_demand_drops_again/21432.

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