Mortgage rates steady, applications off

Demand for FHA purchase loans holds up

Get smarter. Grow your referral network at Inman Connect San Francisco
Limited seating still available, July 17-20

A survey of lenders shows applications for mortgages down 15 percent for the week ending Feb. 20, even with rates hovering near historic lows.

While applications for government-insured purchase loans held steady, applications for refinance loans were down a seasonally adjusted 19.1 percent from the week before, the Mortgage Bankers Association said.