Mortgage applications rise 18% as demand returns to the housing market - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Mortgage applications to purchase a home gained 5% last week and were 18% higher than a year ago, according to a Wednesday report from the Mortgage Bankers Association.

Mortgage applications to purchase a home jumped 5% last week and are 18% higher than they were one year ago, according to the"The pent-up demand from homebuyers returning to the market continues to support a recovery from the weekly declines observed earlier this spring," said Joel Kan, MBA's associate vice president of economic and industry forecasting, in a press release. the third time it's hit a record low since March, according to Freddie Mac.

"After reaching a peak of 76 percent earlier this year, refinances now account for less than 60 percent of activity, and the index is now at its lowest level since February 21," said Kan.

Confused here - recovery from what exactly? You're talking about a year ago - pre-covid...

Meaning it's not the time to buy a house yet

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amex sees slight improvement from billings - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

What do buy ahead of 20%+ stock market rally over the next year: BofA - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

'The stock market doesn't care about social justice': Jim Cramer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. but apparently, the mkt doesn't care about PRICE DISCOVERY. WHAT BULLSHIT, WHAT FRAUD. Keep printing that money suckers
Source: BusinessInsider - 🏆 729. / 51 Read more »

Influencers and brands stop marketing to focus on protest messaging - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »