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MBA Mortgage Applications Rise By 4.9%

 

The Mortgage Bankers Association data for application rose by 0.3% compared to the third week of September 2021

The market index also rose from 707.9 last week to 742.7

The purchase index today is 283.9 in comparison to 277.9

There is a rise in the refinancing index, from 3,185.6 last week to 3,391.1 today.

30-year mortgage rate remains unchanged since the same time last week at 3.03%

The jump in mortgage applications along with the surge in refinancing activity, and the purchases only reaffirms that in spite of the home prices rising the demand is still there.

Reference Source: Forexlive

https://www.compareclosing.com/mortgagenews/mba-mortgage-applications-rise-by-4-9/

MBA Mortgage Applications Rise By 4.9%

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