MBA: Sliding mortgage rates not enough to boost growth in application volume

MBA: Sliding mortgage rates not enough to boost growth in application volume
Last week, mortgage rates fell to a three-year low, but not even this decline was enough to spur growth in purchase activity volume, according to the Mortgage Bankers Association. Despite this decline, MBA Vice President of Economic and Industry Forecasting Joel Kan said the nation’s strong job market and improving affordability still have a chance to support growth.
Source: https://www.housingwire.com/rss