Homebuyer Demand Softens Despite Lower Rates

Homebuyers continue to hold out for lower rates and more listings, economist says.

Real estate agent greets customers while standing outside a house for sale.
(Image credit: Getty Images)

Mortgage demand declined last week even as mortgage rates decreased, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey.

For the week ending March 22, total mortgage demand decreased 0.7% compared to the prior week, the survey showed. 

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

♬ snowfall (Sped Up) - Øneheart & reidenshi

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.