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Buyers Rush Back to Housing Market Again

Mortgage News > Buyers Rush Back to Housing Market Again
Date: 05/20/2020    Buyers Rush Back to Housing Market Again

 As COVID-19 restrictions continue to lift, U.S. homebuyers are returning to the housing market in droves. Mortgage applications for home purchases jumped 6% this week, according to the Mortgage Bankers Association. While the current total is 1.5% lower than a year ago, it is a major improvement from last week when home purchase applications were down 35% annually. Refinance applications have not bounced back as quickly, however. They fell 6% for the week to the lowest application level in a month.

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