Positive Sign for Mortgage Applications

Data from the Mortgage Bankers Association shows a 21.7% increase in mortgage applications for the week ending August 9.  The Refinance Index increased 37% from the previous week to the highest level since July 2016 and grew annually by 196%.  “The 2019 refinance wave continued, as homeowners last week responded to extraordinarily low mortgage rates. …

The post Positive Sign for Mortgage Applications appeared first on theMReport.com.

Comments

About MReport

MReport

Check Also

Weird Behavior in Rates Helping Sales; Why is Builder Confidence Good Not Great?

Things have been weird enough for mortgage rates recently that we were forced to add …