What's Hot: Douglas Development Files PUD For Large Warehouse At New City Site Along New York Avenue
Mortgage Demand Rises After Fed Signals Pause in Rate Hikes
✉️ Want to forward this article? Click here.
Mortgage refinancing and purchase demand rose last week after the Federal Reserve signaled that it would pause rate hikes.
Mortgage application volume rose 7% week-over-week, the Mortgage Bankers Association (MBA) reported on Wednesday.
story continues below
loading...story continues above
“Mortgage applications responded positively to a drop in rates last week, as the Fed signaled a potential pause at the current level for the federal funds rate in anticipation of inflation slowing and tightening financial conditions that will slow economic and job growth," Joel Kan, MBA’s Vice President and Deputy Chief Economist, said in a release. "Lower rates from week to week have helped buyers in the market, but limited for-sale inventory remains a challenge for many homebuyers."
On Thursday, Freddie Mac will release its weekly interest rates, so it will be interesting to see if rates fall as the result of the Federal Reserve's signals.
This article originally published at https://dc.urbanturf.com/articles/blog/mortgage_demand_rises_after_fed_signals_pause_in_rate_hikes/21004.
Most Popular... This Week • Last 30 Days • Ever
![First-Timer Primer: Tax Relief for DC Homeowners](https://assets.urbanturf.com/dc/images/blog/2013/02/Homestead_Exemption_280.jpg)
When you buy a home in the District, you will have to pay property taxes along with y... read »
![A 127-Unit Luxury Condo Building In The Works For Downtown DC](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/950%203rd%20Street%20Dusk%20EXT_image_560x420.jpg)
The largest condominium building in downtown DC in recent memory is currently under c... read »
![HPO Recommends Approval For 160-Unit Office-To-Residential Conversion in Dupont Circle](https://assets.urbanturf.com/dc/images/blog/2024/06/resized/1201-Conn_image_560x420.jpg)
The plan to convert a Dupont Circle office building into a residential development ap... read »
![Beautifully Constructed Condominium in The Bridge District is Now 50% Sold](https://assets.urbanturf.com/dc/images/blog/2024/07/Riviere%20article/resized/2305%20Nicholson%20St%20SE%20405-0003_image_560x420.jpg)
The Rivière includes just 20 homes located on the eastern banks of the Anacostia Riv... read »
![Monday's Must Reads](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/bubble_image_560x420.jpg)
Why Tyra Banks is serving ice cream in DC; a bike shop/record store opens in Adams Mo... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro