Mortgage demand drops to lowest level in 22 years

Mortgage demand drops to lowest level in 22 years

The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications for a mortgage to purchase a home

Two years in, Ballard Partners Financial Service Group continues to grow

Two years in, Ballard Partners Financial Service Group continues to grow

The Financial Services Group at lobbying firm Ballard Partners is approaching its two-year anniversary, and just like the industries it specializes in, it’s growing at a rapid pace. Ballard Partners launched the practice in August 2020 and brought on former Florida Chief Financial Officer Jeff Atwater to run the show. Though many know Atwater for

Mortgage demand falls to the lowest level in 22 years

Mortgage demand falls to the lowest level in 22 years

Mortgage rates are back on the upswing, after a brief decline in May, and the housing market is still suffering from a lack of listings. As a result, mortgage demand continues to drop. Total mortgage application volume fell 6.5% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.