Mortgage applications lower last weekHomeMarket Update

There was a slowdown in mortgage applications last week as the holidays and weather conspired to dampen demand. The Mortgage Bankers Association’s survey of mortgage bankers, commercial banks, thrifts and other lenders slipped 2.8% on a seasonally adjusted basis for the week ending December 29, compared with two weeks earlier; on an unadjusted basis there was a 42% drop.

Source: Mortgage applications lower last week