Mortgage demand dropped again last week d✤espite interest rates for home loans remaining uncha✤nged.

The 30-year, fixed-rat🌸e mortgage remained unchanged at 6.52%, according to the Mortgage Bankers Association (MBA) survey for the week ending Oct. 18. Application volume decreased by 6.7% on the week to hit its lowest levels since July as mortgage lenders received fewer applications for both purchases and re🎐financing than the prior week. 

While purchasing was down on the week, it's still higher than last year’s levels. It's the fifth straight week that purchasing activity was stronger than last year.

“Even though rates have been on a recen🌟t upswing, they are over a full percentage point lower than a year ago, which has kept some homebuyers in the market,” said Joel Kan, MBA vice president and deputy chief economist.

An 澳洲幸运5官方开奖结果体彩网:increase in inventory is 🎃helping matters, with Realtor.com reporting that there were 澳洲幸运5官方开奖结果体彩网:34% more active listings in Sept𒉰embe♍r than a year ago, despite sales remaining slow.

“For-sale inventory has started to loosen, and home-price growth has ease♕d in some markets, providing more options for buyers in combination with these lower rates,” Kan said.