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Mortgage Demand Falls Slightly, Breaking Five-Week Streak

  • December 18th 2024

by UrbanTurf Staff

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Demand for mortgage applications has fallen for the first time in six weeks, but only slightly.

Applications to refinance a home dropped 3% over the last week, the Mortgage Bankers Association (MBA) reported on Wednesday, while purchase applications actually rose 1%. Both refinance and purchase applications were higher than a year ago. 

"Buyers remained active in the purchase market, helped by gradually improving inventory conditions and a more positive outlook on the economy and job market,” MBA economist Joel Kan said in a release. 

This article originally published at https://dc.urbanturf.com/articles/blog/mortgage_demand_falls_slightly_breaking_five-week_streak/23023.

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