Mortgage demand finally ticks up
Housing Wire
AUGUST 30, 2023
percent – the highest since December 2000. Purchase applications increased but were still 27 percent lower than a year ago, as elevated mortgage rates and tight housing inventory continue to weigh on home-buying activity,” Kan added. The average contract interest rate for 5/1 ARMs fell to 6.48% from 6.50% a week prior.
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