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Mortgage Applications Jump 30%

Mortgage News > Mortgage Applications Jump 30%
Date: 01/15/2020    Mortgage Applications Jump 30%

Low rates led to a 30.2% increase in mortgage applications volume this week, according to the Mortgage Bankers Association. That meteoric rise was led by a 43% jump in refinance requests. Refinance applications were also up 109% versus last year. Refinance applications accounted for 62.9% of all mortgage activity this past week, up from 58.9%. Home purchase mortgage requests rose 16% for the week and 8% compared with a year ago.

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