Mortgage Applications Decrease As Housing Supply Tapers Off

Homes in a nice neighborhood.

The Mortgage Bankers Association's Weekly Mortgage Applications Survey reported a 1.8% decrease in mortgage applications on an adjusted basis and a 2% decrease on an unadjusted basis, for the week ending June 26, 2020.

Navi Persaud
 & 
July 1, 2020

The Mortgage Bankers Association's Weekly Mortgage Applications Survey reported a 1.8% decrease in mortgage applications on an adjusted basis and a 2% decrease on an unadjusted basis, for the week ending June 26, 2020. According to the report, the combination of a decrease in pent-up demand and low housing inventory has contributed to the slip in mortgage applications. The survey also showed a 2% decrease in the Refinance Index and a 1% decrease in the seasonally adjusted Purchase Index.

Click here to read more from the MBA's Weekly Mortgage Applications Survey.

This article originally appeared in the National Mortgage Professional print magazine.

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

No items found.
Mortgage Applications Decrease As Housing Supply Tapers Off
Trends

Mortgage Applications Decrease As Housing Supply Tapers Off

July 1, 2020
by
Navi Persaud

The Mortgage Bankers Association's Weekly Mortgage Applications Survey reported a 1.8% decrease in mortgage applications on an adjusted basis and a 2% decrease on an unadjusted basis, for the week ending June 26, 2020. According to the report, the combination of a decrease in pent-up demand and low housing inventory has contributed to the slip in mortgage applications. The survey also showed a 2% decrease in the Refinance Index and a 1% decrease in the seasonally adjusted Purchase Index.

Click here to read more from the MBA's Weekly Mortgage Applications Survey.

Written by 
Navi Persaud

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

npersaud@ambizmedia.com

These articles are powered by National Mortgage Professional

The Mortgage Bankers Association's Weekly Mortgage Applications Survey reported a 1.8% decrease in mortgage applications on an adjusted basis and a 2% decrease on an unadjusted basis, for the week ending June 26, 2020. According to the report, the combination of a decrease in pent-up demand and low housing inventory has contributed to the slip in mortgage applications. The survey also showed a 2% decrease in the Refinance Index and a 1% decrease in the seasonally adjusted Purchase Index.

Click here to read more from the MBA's Weekly Mortgage Applications Survey.

You might also be interested in: