US New Home Mortgage Applications Drop 2.4% in April
The Mortgage Bankers Association reported a 2.4% decline in new home mortgage applications for April, attributing the drop to ongoing economic uncertainty and higher mortgage rates.
Key facts
- New home mortgage applications fell 2.4% in April
- Decline attributed to economic uncertainty
- Higher mortgage rates cited as a factor
- Data reported by the Mortgage Bankers Association
Entities
Institutions
- Mortgage Bankers Association
Sources
- Quartz —