In the latest quarterly Senior Loan Officer Opinion Survey on Bank Lending Practices, there was an increase in the number of domestic banks reporting weaker demand for home mortgages compared to the October survey.
The recent survey revealed that 52% of all bank respondents reported similar demand over the past three months compared to 59% in October. Also, 42% reported moderately weaker demand while nearly 32% were reporting that in October. In addition, 4% reported substantially weaker demand compared to zero percent in the previous survey. Trends were similar when broken out between large banks and other banks.