{"id":7284,"date":"2017-11-29T00:00:00","date_gmt":"2017-11-29T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/post-turkey-slump-loan-demand-drops\/"},"modified":"2017-11-29T00:00:00","modified_gmt":"2017-11-29T00:00:00","slug":"post-turkey-slump-loan-demand-drops","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/post-turkey-slump-loan-demand-drops\/","title":{"rendered":"Post-Turkey Slump? Loan Demand Drops"},"content":{"rendered":"

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The Thanksgiving holiday may have taken a bite out of mortgage<\/a> applications last week. Mortgage applications dropped 3.1 percent for the week on a seasonally adjusted report, which included the Thanksgiving holiday, the Mortgage Bankers Association reported Wednesday. The MBA\u2019s mortgage index reflects demand for refinancing and home purchase<\/a> applications.<\/p>\n

\"\"Refinancing applications plunged 8 percent last week, the lowest level since January, the MBA reported. Refinance applications are now 18 percent below a year ago.<\/p>\n

Mortgage applications for home purchases did eke out a nearly 2 percent increase from last week. Purchase applications are 6 percent higher than a year ago.<\/p>\n

Overall, interest rates offered little incentive for homeowners or home shoppers. The average 30-year fixed-rate mortgage was 4.20 percent last week, which was basically the same average as the year prior, the MBA reports.<\/p>\n

Source: \u201cWeekly Mortgage Applications Fall 3.1%, as Interest Rates Offer<\/a> No Incentive,\u201d CNBC (Nov. 29, 2017)<\/em><\/p>\n

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Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Thanksgiving holiday may have taken a bite out of mortgage applications last week. Mortgage applications … Post-Turkey Slump? Loan Demand Drops<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7285,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4],"tags":[15239,12908,543,627,9488,408,1032,1007,41,818,479],"class_list":["post-7284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-chase","tag-home","tag-home-buying-guide","tag-homeowners","tag-interest-rates","tag-mortgage","tag-mortgage-bank","tag-owners","tag-property","tag-real","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Mortgage_Activity_112917.png?fit=600%2C315&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=7284"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/7285"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}