Mortgage demand dropped again last wee💯k despite interest rates 🍸for home loans remaining unchanged.

The 30-year, fixed-rate mortgage remained unchanged at 6.52%, according to the Mortgage Bankers Association (MBA) survey for the week ending Oct. 18. Application volume decreased by 6.7% on the week to hit its lowest levels since July as mortgage lender꧃s received fewer applications for both purchases and refinancing than the prior week. 

While purchasing was down on the week, it's still higher than last year’s levels. It's the fifth straight week that purchasing activity was stronger than last year.

“Even though rates haꩵve been on a recent upswing, they are over a full percentage point lower than a year ago, which has kept some homebuyers in the market,” said Joel Kan, MBA vice president and deputy chief economist.

An 澳洲幸运5开奖号码历史查询:incr🅷ease in inventory is helping ﷽matters, with Realtor.com reporting that there were 澳洲幸运5开奖号码历史查询:34% more active listings in September than a year ago, despite sales remaini🦂ng slow.

“For-sale in🌼ventory has started to loosen, and home-price growth has eased in some markets, providing more options for buyers in combination with these lower rates,” Kan said.