Why Are Baton Rouge Mortgage Applications Up If Demand Is Down?
Baton Rouge mortgage trends
The news in national and Baton Rouge mortgage trends this morning is that home loan applications are up while actual demand is down. This seems like a contradiction, until one looks at some of the effects of the subprime lending crash. USA Today reports on why home loan applications are up:
artificially inflated in recent months because prospective borrowers
file multiple applications to obtain a single loan due to widespread
tightening of lending standards.
For more on Baton Rouge mortgage trends, and help buying Baton Rouge real estate, contact Glenda Daughety.
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