MBA: Global economic tension likely responsible for this week’s decline in purchase applications

MBA: Global economic tension likely responsible for this week’s decline in purchase applications
According to the MBA’s Weekly Mortgage Applications Survey for the week ending Aug. 30, 2019, mortgage applications fell by 3.1% on a seasonally adjusted basis from last week. MBA Associate Vice President of Economic and Industry Forecasting Joel Kan said although consumers continue to act on low rates, the volatility in the economic market is likely leading some borrowers to pause their refinancing and buying decisions.
Source: https://www.housingwire.com/rss