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Weekly Mortgage Applications Hit 2-Month High

Mortgage News > Weekly Mortgage Applications Hit 2-Month High
Date: 03/20/2019    Weekly Mortgage Applications Hit 2-Month High

Applications for U.S. mortgage loans jumped to a two-month peak in the latest week, according to the Mortgage Bankers Association. The MBA’s mortgage application index rose 1.6% to a reading of 390.0 in the week ended March 15, the highest point since the week of Jan. 18. Meanwhile, 30-year fixed-rate mortgages averaged 4.55%, the lowest rate in six weeks. Refinancing was more popular in the wake of lower rates, with the refinance application index rising 3.5% and the total share of refinance request increasing to 39.3% from 38.6% the week before.

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