{"id":4991,"date":"2013-06-20T13:14:08","date_gmt":"2013-06-20T13:14:08","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=4991"},"modified":"2013-06-20T13:14:08","modified_gmt":"2013-06-20T13:14:08","slug":"loan-demand-falls-as-rates-continue-to-edge-up","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/loan-demand-falls-as-rates-continue-to-edge-up\/","title":{"rendered":"Loan Demand Falls as Rates Continue to Edge Up"},"content":{"rendered":"

Loan Demand Falls as Rates Continue to Edge Up.<\/h2>\n
\"Loan<\/a>

Loan Demand Falls as Rates Continue to Edge Up. Image courtesy of jannoon028 \/ FreeDigitalPhotos.net<\/p><\/div>\n

Mortgage rates rose to their highest level in more than a year, which decreased demand for home loans last week, the Mortgage Bankers Association reports.<\/p>\n

Mortgage applications for home purchases, considered a leading indicator of future home sales, dropped 3 percent last week.<\/p>\n

Meanwhile, mortgage applications for refinancing dropped 3.1 percent.<\/p>\n

The MBA reports that 30-year mortgage rates rose 2 basis points last week to average 4.17 percent, the highest level since March 2012. This marked the sixth consecutive week for rate increases.<\/p>\n

The MBA\u2019s index covers 75 percent of the nation\u2019s retail residential mortgage applications.<\/p>\n

Source: \u201cMortgage applications tumble as rates rise further: MBA<\/a>,\u201d Reuters (June 19, 2013)<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Loan Demand Falls as Rates Continue to Edge Up. Mortgage rates rose to their highest level in more than a year, which decreased demand for home loans last week, the Mortgage Bankers Association reports. Mortgage applications for home purchases, considered a leading indicator of future home sales, dropped 3 percent last week. Meanwhile, mortgage applications … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-4991","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nLoan Demand Falls as Rates Continue to Edge Up - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Loan Demand Falls as Rates Continue to Edge Up. 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