{"id":10184,"date":"2016-09-15T11:42:26","date_gmt":"2016-09-15T11:42:26","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=10184"},"modified":"2016-09-15T11:42:34","modified_gmt":"2016-09-15T11:42:34","slug":"post-labor-day-uptick-mortgage-apps","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/post-labor-day-uptick-mortgage-apps\/","title":{"rendered":"Post-Labor Day Uptick in Mortgage Apps"},"content":{"rendered":"

Post-Labor Day Uptick in Mortgage Apps<\/h2>\n

 <\/p>\n

\"Post-Labor<\/a>

Post-Labor Day Uptick in Mortgage Apps<\/p><\/div>\n

Home buying appears to be picking up after the Labor Day holiday, with total mortgage applications for home purchases and refinancings increasing 4.2 percent on a seasonally adjusted basis last week, the Mortgage Bankers Association reported Wednesday. This time, application volume was boosted more by home buyers than refinancers, a reversal in recent trends.<\/p>\n

Home purchase volume rose 9 percent compared to the previous week; total volume is 8 percent higher than the same week a year ago.<\/p>\n

“The purchase market remains supported by an improving U.S. labor market,” says Lynn Fisher, MBA’s vice president of research and economics. “Newly released data from the U.S. Census this week indicates that the median income increased by 5.2 percent last year, the highest rate of increase since 2007. Other recent but less comprehensive measures show wage growth continuing to strengthen in 2016.”<\/p>\n

Also, a slight drop in mortgage rates may have helped bring more buyers to the table. The 30-year fixed-rate mortgage dropped to a 3.67 percent average last week, MBA reports. However, rates moved higher at the end of the week and continue to inch upward this week, CNBC reports.<\/p>\n

Source: \u201cMortgage Applications Jump 4.2% on Strong Buyer Demand,\u201d CNBC (Sept. 14, 2016)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Post-Labor Day Uptick in Mortgage Apps   Home buying appears to be picking up after the Labor Day holiday, with total mortgage applications for home purchases and refinancings increasing 4.2 percent on a seasonally adjusted basis last week, the Mortgage Bankers Association reported Wednesday. This time, application volume was boosted more by home buyers than … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-10184","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nPost-Labor Day Uptick in Mortgage Apps - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/post-labor-day-uptick-mortgage-apps\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/post-labor-day-uptick-mortgage-apps\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/post-labor-day-uptick-mortgage-apps\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Post-Labor Day Uptick in Mortgage Apps\",\"datePublished\":\"2016-09-15T11:42:26+00:00\",\"dateModified\":\"2016-09-15T11:42:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/post-labor-day-uptick-mortgage-apps\\\/\"},\"wordCount\":221,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/post-labor-day-uptick-mortgage-apps\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2016\\\/09\\\/mortgageapplication-300x172.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/post-labor-day-uptick-mortgage-apps\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/post-labor-day-uptick-mortgage-apps\\\/\",\"name\":\"Post-Labor Day Uptick in Mortgage Apps - 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