Reported 8 days ago
Recent data from the Mortgage Bankers Association indicates that mortgage applications surged nearly 10%, reaching their highest levels since September, due to a decrease in mortgage rates driven by tariff-related uncertainty. Both purchase and refinancing applications showed significant weekly increases; however, analysts predict this trend may be short-lived as rates are expected to rise again soon. Rising home prices have also led to record down payments by U.S. buyers, raising concerns about affordability in the market.
Source: YAHOO