US mortgage rates fall to a record low for the 3rd time since March
, but there are signs that demand is returning even as unemployment remains elevated.
Last week, applications to purchase a home jumped again for the sixth week in a row, according to the Mortgage Bankers Association'sThe MBA's index is up 54% from early April and now at its highest level since January. "The housing market is continuing its path to recovery as various states reopen, leading to more buyers resuming their home search," said Joel Kan, MBA's associate vice president of economic and industry forecasting.The US-China trade war has erased $1.7 trillion from US companies' market value, Fed report says »
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