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Mortgage Applications Jump As Rates Stabilize

Mortgage News > Mortgage Applications Jump As Rates Stabilize
Date: 06/21/2018    Mortgage Applications Jump As Rates Stabilize

U.S. mortgage application volume rose 7% in the past week, according to the Mortgage Bankers Association (MBA), led by a 6% increase in refinance requests. Mortgage interest rates finally held steady after months of gains, giving breathing room to those hoping to cash in on refinancing savings.

Home purchase applications rose 4% from the previous week. Home buyers still face stiff competition and rising prices.

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