Mortgage Applications Increase April 2018
According to the Mortgage Bankers Association, things are looking really positive in the mortgage business which, as you might expect, is a very positive indicator for the real estate industry. If you check out the entire article, you’ll see that interest rates are still relatively low.
The Authority on Mortgage Loans
Author Ali Ahmad writes: “The Market Composite Index, a measure of mortgage loan application volume, increased 4.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 6 percent compared with the previous week. The Refinance Index increased 4 percent from the previous week. The seasonally adjusted Purchase Index increased 6 percent from one week earlier. The unadjusted Purchase Index increased 7 percent compared with the previous week and was 10 percent higher than the same week one year ago.”
Check out his entire article here: