The Sharp Drop In Mortgage Rates Does Little To Boost Demand
Brian Van Der Brug | Los Angeles Times | Getty Images The volume of mortgage applications rose 2.7% last week compared to the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment was made for the Veterans Day holiday. The small increase followed a government report last week that suggested inflation may be starting to ease. This, in turn, sent bond yields down and mortgage rates down with them....