Purchase Volume Continues to Drop

Purchase volume

Purchase Volume Continues to Drop

With mortgage rates at levels not seem in 30 years they continues to weigh on demand for Mortgages. While applications for refinancing ticked up from the previous week, overall mortgage volume fell again. With some markets getting hit harder then others there as been a considerable rebalancing of the red hot real estate market seen in the last few years. Prices seem to be holding up but only time will tell if rates continue to rise further suppressing retail mortgage demand or if rate cuts will spur a new wave of home buyers and refinances.


Source: Mortgage News Daily

Credit: Jann Swanson


Dan has been adding value at Homeinc for the past 6 years. Not only does Dan do sales and acquisitions, he also oversees the retail division. Dan’s favorite part of working at Homeinc is the culture and the team that he works with. He is known to have the best sense of humor of the bunch. When not at work, Dan enjoys playing tennis and spending time with his pup, Ari, and girlfriend, Ashley.

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