Purchase loans tick up | Chappaqua NY Real Estate

Applications for purchase loans increased a seasonally adjusted 2 percent for the week ending May 3 from the previous week, and were up 12 percent on an annual basis, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.

Meanwhile, applications for refinance loans climbed 8 percent from the previous week reaching the highest level since December 2012. The MBA attributed the gain to increases in both the conventional and government refinance indices. Source: MBA

www.inman.com

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.