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Mortgage Apps up 6.8%

Mortgage News > Mortgage Apps up 6.8%
Date: 09/23/2020    Mortgage Apps up 6.8%

The arrival of fall has not slowed the housing market down, according to the Mortgage Bankers Association. Total mortgage application volume rose 6.8% in the latest week, with requests for home purchase loans increasing 3%. The major jump was in refinance demand, with a 9% weekly surge in applications and 86% year-over-year rise. The refinance share of mortgage requests rose to 64.3%, compared with 62.8% a week ago.

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