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

Weekly mortgage applications fall sharply as potential home buyers drop out.. A monthly demand index from real estate brokerage Redfin found the same number of people were requesting home tours in May as in April, but the number of buyers making offers fell 16.7 percent year over year.

Mortgage applications decreased 1.5% from one week earlier, according to data from the mortgage bankers association’s Weekly Mortgage Applications Survey for the week ending May 15, 2015. The.

Mortgage applications decreased 4.1% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Sept. 19, 2014.

Real-estate activity is being stoked by cheaper borrowing costs and an improving labor market. The average rate for a 30- year fixed mortgage fell to 3.41% in the week ended April 18, the third.

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Business. Weekly mortgage applications drop 3.3%, as spring housing season draws to a close. CNBC – Diana Olick. Lower mortgage rates aren’t enticing homebuyers much, as the spring housing season draws to a close.

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Fall and winter are traditionally weak times for the housing market. Sellers who still have their homes listed during this season. weeks, mortgage applications are down again. According to data.