Industry NewsMortgage

Mortgage rates fall, but so does demand

Purchase-loan activity drops 34% from a year ago
Published on Aug 12, 2010

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Mortgage rates set new lows this week, but bargain rates haven't spurred borrowers into action, two surveys of lenders show.

Freddie Mac's weekly rate survey showed 30-year fixed-rate mortgages hitting 4.44 percent for the week ending Aug. 12, a new low in records dating back to 1971.