The downward trend in mortgage rates seen over the first half of the year has ended, with rates unchanged in July. That helps explain why mortgage applications for refinancing fell during the month. A further drop in applications for house purchase is disappointing, but we are confident that these will start to recover soon.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services