Reported about 1 year ago
Mortgage applications for purchasing homes in the US saw an 8.6% increase, marking the first rise in five weeks as mortgage rates approached 7%. The Mortgage Bankers Association reported that the overall index of applications rose by 15.6% the previous week, with the refinancing gauge also witnessing a significant 28.4% surge. The Federal Reserve's impending decisions on interest rates will likely impact mortgage rates, with expectations that any adjustments may occur later in the year.
Source: YAHOO