Mortgage applications tick up after Fed rate hike – Robert Khodadadian

A rate hike from the Federal Reserve awakened mortgage demand from its month-long slumber. Loan application volume rose 1.2 percent in the week ending on July 29, according to the Mortgage Bankers Association’s index measuring mortgage. It was the first increase in demand in five weeks. Mortgage demand hit its lowest point of the 21st century multiple times in recent weeks. Demand rebounded slightly towards the middle of June, but has been plummeting since. The

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