Mortgage demand drops to turn-of-the-century levels – Robert Khodadadian

Home loan, anyone? Mortgages are selling like ice cubes in Antarctica, and the numbers seem to get worse every week. Applications for Home loans fell another 2 percent last week to their lowest level since 2000, according to the Mortgage Bankers Association. “Home purchase applications continued to be held down by rapidly drying up demand, as high mortgage rates, challenging affordability, and a gloomier outlook of the economy kept buyers on the sidelines,” said 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 Bankers Association, Mortgages The Real Deal New York Read More

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