Mortgage demand from homebuyers pulls back, after four weeks of gains | NYGazet

Lower mortgage rates did very little to move mortgage demand out of a rut it's been in for weeks. Potential buyers need much lower rates to make a difference.

Mortgage rates fell again last week, but not enough to pull overall demand out of the rut it's been in for the past month. Total mortgage application volume dropped 1.2% last week compared with the previous week, according to the Mortgage Bankers Ass... [589 chars]