Thursday, March 28, 2024 | The Latest Buzz for the Appraisal Industry

Strong Week for Purchase and Refi Applications

By Jann Swanson

Posted To: MND NewsWire

Mortgage applications made a strong showing during the week ended April 8 and for the first time in a while the gains were fairly evenly distributed between refinance and purchase applications. The Mortgage Bankers Association (MBA) reported that applications overall increased by 10 percent on both a seasonally adjusted and an unadjusted basis compared to the week ended April 1. The Refinance Index built on its 8 percentage point rebound the previous week, rising 11 percent to its highest level since February. The share of applications that were for refinancing increasing from 54.5 percent to 5.9 percent. The seasonally adjusted Purchase Index increased 8 percent from one week earlier to its highest level since October 2015. The unadjusted Purchase Index was up 9 percent compared with the previous…(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Via:: Strong Week for Purchase and Refi Applications

      

Brent Bowen

Loosening The Knot

Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can

Read More »

TOP RATED PRODUCTS

5/5