Mortgage demand tumbles as rates drive down housing market

  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 94%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Mortgage demand tumbled again last year amid stubbornly high mortgage rates, which have depressed the housing market and caused pain for homebuyers.

The volume of refinances dropped by 2% during that same time, according to the group’s weekly survey, and has plunged 9% from a year ago.

“Lower rates should help to free up additional inventory as the lock-in effect is reduced, but we expect that will only take place gradually, as we forecast that rates will move toward 6 percent by the end of the year,” he added.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 6. in PT

Portugal Últimas Notícias, Portugal Manchetes