Mortgage applications fall despite low rates as trade war fears grow

Sharing is Caring!

Americans aren’t seeking mortgages in big numbers despite low borrowing costs and moderating price gains.

Mortgage applications fell 3.3% from last week despite mortgage rates that remained low, according to the Mortgage Bankers Association (MBA).

Applications to buy a home dipped 1%, the the third straight weekly decline, but they were still 7% higher than a year ago, when mortgage rates were higher. Applications to refinance a mortgage dropped 6%.

The 30-year fixed rate mortgage held steady at 4.33%, its lowest level since January 2018.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.