Mortgage activity dropped back this month as further declines in borrowing costs, which had boosted mortgage activity in August and September, were minimal. While the ongoing government closure shouldn’t affect mortgage applications much, it may weigh on how they translate into existing home sales, lending support to our view that sales will only rise modestly over the next few months, before coming back down.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
