Mortgage Applications Decline During Memorial Day Week
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#fd4fc180 ver:0.89

Mortgage applications in the US declined 5.2% during Memorial Day week, with standard mortgage loans seeing a drop in demand. The 30-year fixed-rate mortgage reached its highest levels in a month at 7.07%. Low inventory, high borrowing rates, and surging home prices are challenging the housing market. However, homebuilders are increasing production and offering incentives, and demand from Millennials could support the market. Freddie Mac expects higher interest rates to impact future growth, while Fannie Mae anticipates a modest slowdown in housing activity. Delinquencies have improved to their lowest level since 2005. #MortgageApplications #HousingMarket #InterestRates...

#newstr #MortgageApplications #MemorialDayWeek #GovernmentbackedHousingLoans #30yearFixedrateMortgage #PurchaseActivity #Refinancing #FirsttimeHomebuyerDemand #GovernmentLendingPrograms 

 https://here.news/story/fd4fc180?ver=0.89