Posted
by
in , , , with
Mortgage applications for purchases rose to their highest level of the year last week, the Mortgage Bankers Association reports. Purchase applications for mortgages increased 12.5 percent from one week earlier, and on an unadjusted basis, purchase application activity is the highest since last May.“
An improving job market is beginning to pave the way for an improving housing market,” says Michael Fratantoni, MBA’s vice president of re and economics. “Additionally, mortgage interest rates remained below 5 percent for a second week, maintaining affordability for buyers and leading to an increase in refinance applications.”
Refinancings also were on the rise last week, increasing 17.2 percent from one week prior. It was the highest the Refinance Index had been in over a month.
Overall, mortgage applications increased 15.5 percent on a seasonally adjusted basis for the week ending March 4, compared to one week prior, according to the Mortgage Bankers Association.
SOURCE:
Category:
, , ,
to .
Weather Forecast: Sun Valley, Idaho
Select Category
Advertising
Areas
Auction
Bellevue
Biography
Buying
Codes
Construction Related
Consumer Behavior
Credit Related
Elkhorn
Energy
Expired Listings
Featured Listings
Financing
Foreclosure
Green
Hailey
Home Networks
Incentives
Inspections
Internet
Ketchum
Market Update
Marketing
Mortgage and Loans
New Listings
News
Photography
Profiles and Surveys
Recent Changes
REOs
Selling
Short Sales
Short Sales
Sun Valley
Uncategorized
Warm Springs
50°F
Clear
Humidity: 47%
Wind: N at 0 mph
Windermere Real Estate, Sun Valley – Hailey, Idaho @ George Martin, Jr. Associate Broker
