Mortgage rates fall to a two-month low, but weekly demand still drops
Lower mortgage rates are not prompting homeowners or potential homebuyers to contact their lenders, as other obstacles stand in their way.
Total mortgage application volume fell 2.5% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Original Article Source Credits: CNBC , https://www.cnbc.com/
Article Written By: Diana Olick
Original Article Posted on: APR 28 2021
Link to Original Article: https://www.cnbc.com/2021/04/28/mortgage-demand-falls-even-as-interest-rates-drop.html