While purchase loan demand was still up 18 percent last week from a year ago, some of that demand may not translate into sales, with Redfin reporting an unusual bump in cancelled purchase contracts.
Source: Inman News
Dip in mortgage rates doesn’t do much to excite homebuyers
Published in consumer confidence, federal reserve, Home Purchase Cancellations, home sales, inflation, inman, Joel Kan, Markets & Economy, Mortgage, mortgage bankers association, mortgage rates, Optimal Blue, purchase loan demand, Redfin, refinance activity, refinancing, san diego, Select, Spring homebuying season, Tariffs and trump
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