Demand for purchase loans has increased in five out of the past six weeks, according to a weekly survey of lenders by the Mortgage Bankers Association.
The Optimal Blue Mortgage Market Indices from Black Knight showed 30-year rates fell 48 basis points in the month to finish November at 6.58%; but still 3.3.
Harris Poll finds 71 percent of Americans are waiting to move due to economic uncertainty over concerns, such as interest rates, inflation or a recession.