US Housing

US Housing Market Data Response

5 September, 2018

Mortgage Applications (Aug.)

The gradual contraction in mortgage demand continued in August, with applications for both refinancing and home purchase loans seeing month-on-month falls. To date, the drop in home purchase demand has been relatively modest. But that may reflect a delayed response to the rise in mortgage interest rates seen since the start of the year. Further gradual falls in applications can therefore be expected.

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