Skip Navigation
StreetEasy

Mortgages -Blip, or just the beginning?

Started by sjtmd
over 15 years ago
Posts: 670
Member since: May 2009
Discussion about
NEW YORK (AP) — The number of people applying for a mortgage fell last week as higher rates discouraged borrowing. The Mortgage Bankers Association says its overall mortgage application index decreased 18.6 percent from the previous week. The refinance index dropped 24.6 percent, marking the sixth decline in a row. The purchase index slipped 2.5 percent last week. Rates on fixed mortgages continued to edge up last week, remaining at the highest levels in six months.
Response by 875gator
over 15 years ago
Posts: 193
Member since: Sep 2010

I think it is just the beginning. Anyone who needed to refi should have done so over the past year. Someone buying now can still get 5% so that's not so bad even compared to a year ago.

Ignored comment. Unhide

Add Your Comment

Most popular

  1. 23 west 116th street Manhattan
    33 Comments
  2. Real estate or Bitcoin?
    3 Comments
  3. Ken Griffin is upset with Mamdani
    28 Comments
  4. Pied-à-terre tax
    8 Comments
  5. Grocery store socialism
    72 Comments