Mortgage demand drops again after FHA loan interest rate hits 21-year high
PUBLISHED WED, AUG 9 20237:00 AM EDTUPDATED WED, AUG 9 20237:48 AM EDT
By: Diana Olick
Mortgage interest rates soared across the board last week, with the rate on the government’s low down payment option increasing to the highest level in 21 years. That hit mortgage demand hard, with total application volume dropping 3.1% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Visit my website at: https://www.anastasiakaufman.com/
Here’s my Facebook Account: https://www.facebook.com/AnastasiaRealtor/
Anastasia Kaufman, GRI,ABR,SFR,CDPE,SRS
Cell: 401-338-2749
Email: Anastasia@anastasiakaufman.com
Categories
Recent Posts
The Home Insurance Move That Could Save You $440 a Year
JUST SOLD: 1 Tupperware Drive, Unit #237, North Smithfield, RI 02896
Credit Scoring Is Changing: 3 Things Homebuyers Should Know
Don't Let the Fear of a Buyer Backing Out Scare You Away from Selling
Who’s Buying Homes with Cash Right Now?
JUST LISTED: 349 Williston Way, Pawtucket, RI 02861 first showing at OPEN HOUSE this weekend!
Navigating the Rhode Island Market: What Octobers Numbers Mean for Buyers & Sellers
Why Builders May Be More Motivated To Sell Than Homeowners
Why More Buyers Are Turning To Adjustable-Rate Mortgages Today
To Sell or Rent? How To Choose the Best Path for Your House.