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News & Press: Industry News

Mortgage Demand Falls

Tuesday, June 19, 2018  
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Even before the Fed rate increase announced last week and the possibility of more rate increases this year, mortgage demand was falling. Fannie Mae reported that mortgage lenders reported a net negative profit margin outlook for the seventh consecutive quarter. Rising home prices and tight housing supply continue to put a squeeze on mortgage demand. The reading on lenders net share growth expectations looking ahead the next three months were at the lowest reading for any second quarter period within the last three years. Fannie Mae issued the report based on its Q2 Mortgage Lender Sentiment Survey. Lenders also reported a declining refinance demand, reaching the lowest level since Q2 2014 and continued to report negative loan growth expectations.

California Land Title Association


1215 K Street #1816 Sacramento, CA 95814-3905
Email: mail@clta.org  |  Phone: 916-444-2647  |   Fax: 916-444-2851