Mortgage Applications Decrease as Affordability Challenges Continue

While mortgage rates and applications changed little last week, home-purchase applications retreated and were lower than last year’s pace, signaling to economists that continuing affordability challenges and economic uncertainty remain in place for price-sensitive buyers. The latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and includes purchases…

The post Mortgage Applications Decrease as Affordability Challenges Continue appeared first on RISMedia.

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