Homebuyers Drive Rise in Mortgage Applications


According to the Mortgage Bankers Association (MBA), mortgage applications have risen in volume 2.3 percent this week. This has largely been due to purchase applications.

“Purchase applications increased for the fourth time in five weeks as we proceed further into the spring home buying season,” said Mike Fratantoni, chief economist for the MBA.

It seems that buyers are returning to the housing market, and their numbers are continuing to grow.

Image via Wikimedia Commons/Mortgagegreenbay.com

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