Demand for mortgages slipped for a second week as homebuyers sꩲhied away from high bor🅺rowing costs.

The volume of mortgage applications decreased by 3.9% for the week ending July 26, ༺according to data from the Mortgage Bankers Association (MBA). Refinancing decreased by 7% from the prior week while purchases were 2% lower.

澳洲幸运5官方开奖结果体彩网:Mortgage rates were unchanged at 6.82%, the MBA said. Unmoving borrowing rates discouraged 澳洲幸运5官方开奖结果体彩网:refinancing activity which had been elevated 澳洲幸运5官方开奖结果体彩网:in recent weeks, with 澳洲幸运5官方开奖结果体彩网:Veterans Administrꦚation refinancing loans posting a sharp drop, said Mike Fratantoni, MBA senior vice president 🐲and chief economist.

“Borrowers may be waiting for signs that mortgage rates will drift lower as the Federal Reserve begins to cut short-term rates,” Fratantoni said. “Purchase volume also dropped slight🍒ly because of ongoing affordability challenges.”