Mortgage Applications Continue Their Rally Due to Very Low Mortgage Rates
Americans continue refinancing their mortgages in massive numbers according to this morning’s Market Composite Index, released by the Mortgage Bankers Association (MBA).
The Market Composite Index, which measures and compares mortgage loan application volume from week to week, showed that for the week ending December 12, mortgage activity jumped 2.9% from the previous week’s numbers. The number of refinance applications Read more
Very Low Mortgage Rates and Stronger Purchase Activity Drive Mortgage Applications Up
Last week, the number of Americans applying for mortgages increased slightly over the previous week, according to a report released today by the Mortgage Bankers Association (MBA).
The Index, which measures and compares mortgage loan application volume from week to week, showed that for the week ending November 21 mortgage activity increased 1.5% from the previous week’s numbers. The number of refinance applications posted a Read more