Mortgage demand hits 22-year low as loan applications continue to drop

Mortgage demand hits 22-year low as loan applications continue to drop

Tom Rood, SitusAMC Managing Director, discusses the increased costs of building a home and buying in the current real estate market Mortgage applications decreased last week, the third week in a row, as they now sit at the lowest level since 2000, according to a new survey. On Wednesday, the Mortgage Bankers Association (MBA) released

EUR/USD Advance Should Continue After Strong Economic Data

EUR/USD Advance Should Continue After Strong Economic Data

Fundamental Euro Forecast: Bullish Friday’s economic statistics showing a second-quarter Eurozone GDP growth rate of 13.7% year/year and a July inflation rate of 2.2% year/year will likely turn the European Central Bank more hawkish on monetary policy; a positive for EUR/USD and the Euro crosses. Moreover, the pair eased Friday after strengthening from Monday to