Weekly mortgage applications drop 3.3%, as spring housing season draws to a close – Real Estate Technique

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Lower mortgage rates aren’t enticing homebuyers much, as the spring housing season draws to a close. Total mortgage application volume fell 3.3% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

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Home buyers are pulling away from this summer’s expensive and competitive housing market, even as interest rates settle. Total mortgage application volume fell 4.9 percent, seasonally adjusted, last week compared to the previous week, according to the Mortgage Bankers Association. There were 12.

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