Following two months of declines, mortgage applications for home purchase rose by a marginal 2.0% m/m in September. But that rise reflected buyers bringing applications forward at the start of the month before interest rates rose, rather than an indication that active housing demand is recovering. There is limited chance of that happening until inventory levels improve, which we don’t expect to see until the middle of next year.
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