MBA: Mortgage applications surge thanks to plummeting interest rates

MBA: Mortgage applications surge thanks to plummeting interest rates
The recent precipitous drop in interest rates drove a sizable increase in mortgage applications for the week ending on March 29, 2019, according to the newest data from the Mortgage Bankers Association. MBA Vice President of Economic and Industry Forecasting Joel Kan said there was a tremendous surge in overall applications activity, as mortgage rates fell for the fourth week in a row – with rates for some loan types reaching their lowest levels since January 2018.
Source: https://www.housingwire.com/rss