{"id":16732,"date":"2020-01-17T15:27:53","date_gmt":"2020-01-17T15:27:53","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=16732"},"modified":"2020-01-17T15:27:54","modified_gmt":"2020-01-17T15:27:54","slug":"mortgage-applications-surge","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/mortgage-applications-surge\/","title":{"rendered":"Mortgage Applications Surge"},"content":{"rendered":"

Mortgage Applications Surge<\/h1>\n

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\"Mortgage<\/a>

Mortgage Applications Surge<\/p><\/div>\n

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Homebuyer demand hit its highest level in 11 years, as January continues to shape up to be a hot month for the housing market. Weekly mortgage applications jumped 30% for the week ending Jan. 10, a sign that home buyers are emerging, the Mortgage Bankers Association\u2019s seasonally adjusted index shows.<\/p>\n

\u201cThe mortgage market saw a strong start to 2020,\u201d says Joel Kan, associate vice president of economic and industry forecasting for the MBA. \u201cApplications increased across the board. Lower rates provided a larger incentive for borrowers to act.\u201d<\/p>\n

Indeed, the average 30-year fixed-rate mortgage decreased to its lowest level since September, averaging 3.87%, the MBA reports.<\/p>\n

Applications for home purchases, a gauge of home buying activity, jumped 16% last week, reaching the highest level since 2009.<\/p>\n

Refinancing applications saw the biggest jump last week among those applying for home loans, a 43% increase over last week. Refinance applications are 109% higher than a year ago. \u201cRefinances increased for both conventional and government loans, as lower rates provided a larger incentive for borrowers to act,\u201d Kan says.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cWeekly Mortgage Applications Soar 30% as Homebuyer Demand Hits the Highest Level in 11 Years<\/a>,\u201d CNBC (Jan. 15, 2020) and \u201cFalling Mortgage Rates Set Off a Stampede of Borrowing<\/a>,\u201d MoneyWise (Jan. 15, 2020)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mortgage Applications Surge   Homebuyer demand hit its highest level in 11 years, as January continues to shape up to be a hot month for the housing market. Weekly mortgage applications jumped 30% for the week ending Jan. 10, a sign that home buyers are emerging, the Mortgage Bankers Association\u2019s seasonally adjusted index shows. \u201cThe … <\/p>\n

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