Falling Mortgage Applications Cloud U.S. Housing Outlook
Bloomberg, June 19, 2018–Vincent Del Guidice, Alex Tanzi
Storm clouds could be building for the housing industry, even with starts of new construction rising in May to the highest in more than a decade. Mortgage applications, as tallied by the Mortgage Bankers Association, have risen just once since mid-April as the Federal Reserve gradually lifts borrowing costs.
