Industry NewsMortgage

Loan demand off during short week

Rates ease, but lenders increasing points
Published on Apr 15, 2009

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by CareyBot

Mortgage applications were down 11 percent for the week ending April 10, although the long weekend created by the holidays Easter and Passover may have been a contributor, the Mortgage Bankers Association said.

Applications for refinance loans were down 10.9 percent from the week before, while applications for purchse loans fell 11.3 percent. Applications for conventional purchase loans were down 13.5 percent, and applications for government-backed loans (largely FHA) fell 7.7 percent.

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