Mortgage rates fall for the first time in two months, but applications decline
- 1The Mortgage Bankers Association reported a 5.3% weekly decline in total mortgage applications.
- 2Joel Kan said mortgage rates fell for the first time in about two months.
- 3Weekly mortgage refinancing applications fell by 2%, as the rate drop failed to stimulate application activity.
So what's the key point?
Mortgage rates have decreased for the first time in two months. However, despite the lower rates, the number of people applying for new loans actually decreased.
Source CNBC · View original ↗
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