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Mortgage applications jump 4.5%

Posted by:  Hancock Mortgage Partners, LLC
2018-02-18 11:43:27

Information credited to USA Today

Spring has sprung early in this housing market. Buyers, seeing a new trend toward higher interest rates, are rushing in before the first buds appear.

Mortgage applications rose 4.5% last week from the previous week, according to the Mortgage Bankers Association's seasonally adjusted report. Application volume was 6.1% higher than the same week one year ago.

Applications to purchase a home led the charge, rising 6% for the week to the highest level since April 2010. These loan applications are now 7% higher than the same week one year ago.

Read More at: USA Today


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