US Mortgage Applications Reach Highest Level in Two Years

Reported about 10 hours ago

US mortgage applications for home purchases surged to their highest point since early 2023 last week, despite only a slight decrease in borrowing costs. The Mortgage Bankers Association reported a 9.4% rise in home-purchase applications for the week ending July 4, alongside a similar increase in refinancing applications, although both remain below pre-pandemic levels.

Source: YAHOO

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