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【CNBC】Bankers lower their mortgage demand outlook for the year as rising rates hurt affordability

【CNBC】Bankers lower their mortgage demand outlook for the year as rising rates hurt affordability

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美洲
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  • Rising rates are causing a drop in home loan demand, so mortgage bankers are lowering their forecast for the year.
  • The Mortgage Bankers Association said it expects overall mortgage originations, which include refinancing loans, to total $2.58 trillion in 2022, a 35.5% decline from last year.
  • This lowered outlook comes as demand for refinancing sinks. Applications to refinance a home loan fell 5% during the most recent week and were 62% lower than they were a year ago.

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