Mortgage applications are on the rise! » Mortgage Masters Group
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Mortgage applications are on the rise!

 

Homebuyers are taking advantage of lower mortgage rates and a slow summer for sellers, and that is driving mortgage applications higher. Total mortgage application volume rose 2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was up 69% than the same week one year ago, when interest rates were much higher. The week’s results included an adjustment for the Labor Day holiday.

Source: Weekly mortgage applications rise as buyer’s market takes hold



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