The latest weekly trend shows a buyer’s market on the rise in conjunction with mortgage applications. Are you prepared to meet this opportunity? Contact us for more knowledge and strategies.
Weekly mortgage applications rise as buyer’s market takes hold
“Homebuyers are taking advantage of lower mortgage rates and a slow summer for sellers, and that is driving mortgage applications higher. Total mortgage application volume rose 2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was up 69% compared with the same week one year ago, when interest rates were much higher.”