MBA: Mortgage applications fall for the third consecutive week, reaching a 4-month low

/by

Mortgage applications fell 1.4% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 26, 2019. This means on an unadjusted basis, the index slid 1% from the previous week. MBA Vice President of Economic and Industry Forecasting Joel Kan said despite healthy demand, inadequate supply levels continue to hold back some would-be buyers.