Mortgage applications fell last week, mostly due to a decline in homeowners seeking refinancing. The Mortgage Bankers Association’s weekly refinance index dropped 7 percent seasonally adjusted for the week ending Sept. 25. The metric tracks the volume of refinancing applications filed each week across the country. Joel Kan, MBA’s head of industry forecasting, attributed the drop to lenders “working through operational challenges, ultimately limiting the number of applications they are able to accept,” he said
source https://therealdeal.com/2020/09/30/mortgage-applications-drop-despite-posting-annual-growth/
No comments:
Post a Comment