Weekly mortgage applications drop 0.5%, but jumbo loans get cheaper

Perhaps it is the August lull or the start of a more prolonged slowdown in the housing market, but homeowners and homebuyers seem unimpressed by the lowest mortgage interest rates of the year. Total mortgage application volume barely moved last week, down 0.5 percent from the previous week, according to the Mortgage Bankers Association. That’s the second consecutive seasonally adjusted week of minimal moves.

Source: CNBC

READ MORE

Leave a Reply