Industry NewsMortgage

Loan demand remains weak

MBA: Rates on 15-year, 30-year mortgages at record lows
Published on Sep 29, 2010

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by CareyBot

Demand for purchase mortgages rose last week by a seasonally adjusted 2.4 percent from the week before, but was off 32.4 percent from a year ago, the Mortgage Bankers Association said in releasing the results of its latest Weekly Mortgage Applications Survey.

For the week ending Sept. 24, demand for refinancings was down 1.6 percent from the week before, although requests for refinancings still accounted for 80.7 percent of all mortgage applications.