Mortgage demand from homebuyers continues to recover, even with higher interest rates

Mortgage demand from homebuyers continues to recover, even with higher interest rates

After falling for most of April, homebuyer mortgage demand rose for the second straight week, as buyers are enticed by more inventory.

The bank's mortgage arm manager: "The general public has already received approval in principle - the restrictions will not have an impact" • In the field, stable demand is reported, alongside adjustments in routes and mixes

Mortgage Applications Increase as Rates Continue Holding Steady

Continued steady mortgage rates this past week resulted in a slight increase in mortgage application volume as the spring market is now fully underway. According to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA) for the week ending May 9, the Market Composite Index (a measure of mortgage loan application volume)… The post Mortgage Applications Increase as Rates Continue Holding Steady appeared first on…

As More Homes Hit The Market, Mortgage Demand Rises

Mortgage demand rose for the second week in a row as homebuyers got off the sidelines.