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Loan Modification

: The Truth About Mortgage.com

Lack of Refinancing Drags Mortgage Demand Lower

By scot184

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An apparent lack of borrowers eligible to take advantage of the near record-low mortgage rates is pushing mortgage demand lower, according to the Mortgage Bankers Association. Refinance activity fell 15.1 percent last week compared to the previous week, while the seasonally adjusted purchase index slipped 3.3 percent. On an unadjusted basis, purchase applications were up 2.8 percent [...]

Full post as published by The Truth About Mortgage.com on January 27, 2010 (boomark / email).

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