Mortgage Applications on the Rise for Second Straight Week
CNBC’s Diana Olick released a video report on Wednesday revealing that the number of mortgage applications submitted to lenders – both to the big banks and non-bank lenders – is on the rise for the second straight week.
According to Olick, the total number of applications was up 4.6 percent this week, and that includes a 6 percent increase in the number of applications to buy (as opposed to 4 percent to refinance) a home.
With these new numbers, Olick also revealed that the number of applications sent to non-bank lenders has more than doubled over the past four years.
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