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Demand for riskier mortgages drops, as their advantages shrink
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- Overall mortgage demand flattened last week, as interest rates continue to hover in a narrow range.
- Total mortgage application volume increased 0.04% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
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Overall mortgage demand flattened last week, as interest rates continue to hover in a narrow range. Borrowers are also pulling back from riskier loans, as they are offering smaller advantages.
Total mortgage application volume increased 0.04% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
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