Tidewater Real Estate Blog

February 2nd, 2011 4:14 PM
Mortgage Applications Bounce Back
U.S. mortgages were back on the rise last week after a holiday-related slowdown in mid-January, the Mortgage Bankers Association reported.

Mortgage applications gained 11.3 percent in the week ended Jan. 28, according to MBA’s seasonally adjusted index. In the week prior, applications had fallen nearly 13 percent.

Meanwhile, refinancing applications rose 11.7 percent. Loan requests for home purchases also increased 9.5 percent.

Source: “U.S. Mortgage Applications Rose Last Week,” Reuters News (Feb. 2, 2011)


Posted by Brad Nichols on February 2nd, 2011 4:14 PMPost a Comment (0)

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