Broken record: Mortgage demand hits (another) 22-year low – Robert Khodadadian

Mortgage aficionados are becoming awfully familiar with 2000 as demand keeps cratering to Y2K levels. For the week ending on July 15, the Mortgage Bankers Association’s index measuring mortgage loan application volume dropped 6.3 percent from the previous week. According to a release from the MBA, it’s at its lowest level in 22 years. This feels like déjà vu all over again. At the beginning of June, mortgage demand also hit its lowest point since

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, Mortgage Rates, Mortgages The Real Deal New York Read More