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Purchase Loan Applications Keep Gaining, Up 19%

Wednesday, Jul 29 2020
Lending
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Homebuyer demand continues to look strong as low rates persist even as temperatures rise. So reports CNBC.

According to the Mortgage Bankers Association, the seasonally adjusted purchase index and the unadjusted index each rose 2% for the week ending 17. On an annual basis, the unadjusted index was up 19%.

That’s the ninth straight week of year-over-year increases in purchase loan activity, according to the MBA.

Read the full article from CNBC. 

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