Mortgage Applications Rise In Latest Survey

  Our Goals

The Mortgage Bankers Association (MBA) reported that mortgage applications rose 4.3% last week after falling two weeks ago. The Purchase Index jumped 2.8% and the Refinance Index increased 6.4%. The MBA's survey also showed that the refinance share of mortgage activity last week increased to 40.3% of total applications from 39.3% the previous week. The adjustable rate share of activity increased to 34.8% of all applications.Mortgage applications bounced back last week after falling two weeks ago. Even though the Federal Reserve is in a tightening cycle, longer term mortgage rates are holding steady at near historic lows. That's creating tremendous opportunities for people purchasing a new home or refinancing their existing mortgage. Low rates are fueling the housing market and should keep the number of purchases and refinancings at very healthy levels. 

Our goal is to become your source for mortgage information and companies providing valuable information on the mortgage industry as well as a comprehensive listing of mortgage companies. If you have any ideas or suggestions for our site, please email us at info@mortgage-companies.net.