(Reuters) - The Mortgage Bankers Association's loan application index slipped 1.7 percent to a seasonally adjusted 625.3 in the week ended June 1. A rise in applications to buy homes was overshadowed by the drop in refinancing demand last week.
Neither purchase nor refinancing loans are likely to see escalating demand anytime soon, especially now that expectations for Federal Reserve rate cuts this year have been waning, analysts said.
Read more at Reuters.com Bonds News
Neither purchase nor refinancing loans are likely to see escalating demand anytime soon, especially now that expectations for Federal Reserve rate cuts this year have been waning, analysts said.
Read more at Reuters.com Bonds News
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