mortgagedemand
Mortgage demand has fallen to its lowest level in more than two decades on the back of plunging loan applications. According to a recent survey, last week marked the third consecutive week in which mortgage applications declined, falling 6.3% to the lowest level since 2000. Survey Reveals Plunging Mortgage DemandThe Mortgage Bankers Association released its weekly survey on mortgage applications on Wednesday. It found that the Market Composite Index, which measures loan application volumes, fell 6.3% last week after seasonal adjustments. However, without a seasonal adjustment, the index was up...
ValueWalk
Mortgage demand will feel the brunt of rising rates this year, as buying a home is becoming more expensive. Mortgage bankers are curving their expectations on mortgage originations from $2.61 trillion to $2.58 trillion in 2022. Mortgage Demand To PlungeAs reported by CNBC, the Mortgage Bankers Association’s (MBA) estimate means that mortgage originations will have dropped by 35.5% by the end of this year from 2021. This includes refinancing loans. Q1 2022 hedge fund letters, conferences and more At present, the MBA groups over 2,000 firms in the business and its estimations paint a dire pictur...
ValueWalk
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