US Real Estate

Mortgage Demand Sinks 5 Percent as Interest Rates Reach 1-Month High: MBA

Refinance activity also took a breather for the second straight week, the group said.
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Mortgage Demand Sinks 5 Percent as Interest Rates Reach 1-Month High: MBA
A 'For Sale' sign stands in front of a home in Washington. Madalina Vasiliu/The Epoch Times
Andrew Moran
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Mortgage rates climbed for the third straight week, keeping prospective homebuyers and current homeowners on the sidelines.

For the week ended Nov. 14, mortgage application volume declined by 5.2 percent, following the previous week’s 0.6 percent increase, according to data from the Mortgage Bankers Association released on Nov. 19.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."