Buyers Not Taking Advantage of Low Rates
Homendo Editorial Team
April 20, 2016 • Forensic Industry Report
Mortgage rates remained near yearly lows last week, but home buyers didn't take advantage of the savings. Despite the low rates, mortgage applications for home purchases fell 1 percent last week, according to the Mortgage Bankers Association. Regardless of the latest week's dip, applications for home purchases do remain 17 percent higher than the same week a year ago. But most of the uptick lately in mortgage applications is coming from refinancing.
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