WASHINGTON — Home builders and lenders know that the upper end of the housing market is the place to be these days.

Demand for home purchase loans above $417,000 is strong, while demand for lower balance loans is weak, according to Mike Fratantoni, the chief economist for the Mortgage Bankers Association.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry