Mortgage purchase applications are a direct reflection of this.
Despite the lower cost of financing a home purchase,
mortgage purchase applications have been dropping consistently on a weekly basis and at a material rate.
In July 2017, 87 % of
mortgage purchase applications were for 30 - year, fixed - rate loans, and 94 % of all mortgage purchase applications were for fixed - rate loans, according to...
In July 2017, 87 % of
mortgage purchase applications were for 30 - year, fixed - rate loans, and 94 % of all mortgage purchase applications were for fixed - rate loans, according to data from the Mortgage Bankers Association.
Dr. Michael Fratantoni talks about issues facing housing, including credit availability and
mortgage purchase applications, and gives his outlook.