US mortgage market stalls to lowest level since May as rates hold steady

Mortgage demand in the U.S. just hit its lowest point since May, as reported by the Mortgage Bankers Association (MBA) on Wednesday. The total volume of mortgage applications dropped 3.8% last week, even though interest rates barely moved. The biggest problem isn’t the cost of borrowing. It’s the uncertainty around the economy. That’s what’s pushing […]

Source: cryptopolitan.com (Read Full Article)