Mortgage demand rises despite volatile interest rates
Publishing timestamp: 2023-03-15 09:05:50
Summary
Despite higher mortgage rates, demand for mortgages increased for the second straight week, with applications to purchase homes rising 7% and applications to refinance home loans climbing 5%. However, both were still significantly lower than the same week one year ago. The increase in demand may be due to buyers' concerns that rates will continue to rise.
Sentiment: NEUTRAL
Tickers: LEN,
Keywords: lennar corp, business news, u.s. economy, real estate, mortgages, housing, breaking news: economy,
Source: https://www.cnbc.com/2023/03/15/mortgage-demand-volatile-interest-rates.html