What’s blocking growth in purchase mortgage applications?

 

blocked1By Brena Swanson | HousingWire

At first glance, purchase mortgage applications appear to have the right ingredients in place to rise, especially after recent strong growth, according to a new report from Capital Economics.

So what’s suffocating mortgage apps? Earnings growth and a lack of affordability.

Continued:

Related: Jumbo volume continues to dominate in growth/HousingWire

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