{"id":17788,"date":"2020-09-14T11:56:17","date_gmt":"2020-09-14T11:56:17","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=17788"},"modified":"2020-09-14T11:56:17","modified_gmt":"2020-09-14T11:56:17","slug":"mortgage-applications-are-40-higher","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/mortgage-applications-are-40-higher\/","title":{"rendered":"Mortgage Applications Are 40% Higher"},"content":{"rendered":"

Mortgage Applications Are 40% Higher<\/h1>\n
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The home shopping spree continues. Typically, the end of August sees a slowdown in the housing market, but this year, real estate has shown no signs of letting up.<\/p>\n

Mortgage applications to purchase a home increased 3% last week compared to the previous week. But it\u2019s the year-over-year jump of 40% that has surprised economists. Year-over-year comparisons are usually in the single digits.<\/p>\n

\u201cThere continues to be resiliency in the purchase market,\u201d says Joel Kan, economist for the Mortgage Bankers Association. \u201cThe average loan size continued to increase, hitting a survey high at $368,600. Highlighting the strong overall demand for buying a home, conventional, VA, and FHA purchase applications all increased last week.\u201d<\/p>\n

Record low mortgage rates continue to incentivize buyers. The average contract interest rate for the 30-year fixed-rate mortgage dropped to 3.07% last week, the Mortgage Bankers Association reports. The 15-year fixed-rate mortgage was at an all-time low of 2.62%.<\/p>\n

Homeowners are rushing to refinance at the lower rates. Applications to refinance increased 3% last week and are a whopping 60% higher than a year ago, the MBA reports.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cMortgage Demand From Homebuyers Surges 40% From a Year Ago Amid Sales Spree<\/a>,\u201d CNBC (Sept. 9 2020)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mortgage Applications Are 40% Higher The home shopping spree continues. Typically, the end of August sees a slowdown in the housing market, but this year, real estate has shown no signs of letting up. Mortgage applications to purchase a home increased 3% last week compared to the previous week. But it\u2019s the year-over-year jump of … <\/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-17788","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":"\nMortgage Applications Are 40% Higher - 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\/mortgage-applications-are-40-higher\/\" \/>\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\\\/mortgage-applications-are-40-higher\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-applications-are-40-higher\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Mortgage Applications Are 40% Higher\",\"datePublished\":\"2020-09-14T11:56:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-applications-are-40-higher\\\/\"},\"wordCount\":198,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-applications-are-40-higher\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-applications-are-40-higher\\\/\",\"name\":\"Mortgage Applications Are 40% Higher - 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