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Weekly mortgage demand drops 6%, as homebuyers remain 'on the fence'

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Summary
Nutrition label

79% Informative

Total mortgage application volume fell 6.6% for the week , according to the Mortgage Bankers Association's seasonally adjusted index.

Applications to refinance a home loan dropped 7% but were 39% higher than the same week one year ago .

Mortgage rates dipped slightly last week but so did mortgage demand, as housing affordability continues to sideline potential buyers.

VR Score

89

Informative language

96

Neutral language

57

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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