Mortgage Applications Jump
Abstract:
Applications for mortgages, especially for refinancing, jumped sharply at the end of November and stayed high in the first week of December. The Mortgage Bankers Association of America reported that its index of applications for new purchases is now at a 22 month high and its index for refinancing applications is the highest in nearly four years.
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Applications for mortgages, especially for refinancing, jumped sharply at the end of November and stayed high in the first week of December. The Mortgage Bankers Association of America reported that its index of applications for new purchases is now at a 22 month high and its index for refinancing applications is the highest in nearly four years.