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.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services