New Mortgage Applications Jump More Than 10%

Mortgage Loan approval on mobile phone in a house contract form with approved home ownership

New Mortgage Applications Jump More Than 10%

New mortgage applications increased 10.4% from one week earlier, according to the Mortgage Bankers Association.

Another report indicating positives in the Real Estate Market with an increase in Mortgage applications. This follows my past posts in which I stated that we will not see a crash like 2006/07. The lowering rates is bringing buyers back into the market as the gap is shrinking between today's rates and the historically low rates which have "trapped" homeowners unwilling to trade a sub 4% rate with the recent highs in the 7%+ range.

Financial loan calculator or lending for car and home loan application agreement / Loan approval concept

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