Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.

Estimated reading time: 0 minutes, 18 seconds

Refinances Send Mortgage Application Volume Up 7.3%

Sunday, Apr 19 2020
Lending
Written by 

A rush to refinance home loans has driven weekly mortgage applications higher once again. So reports CNBC.

According to the Mortgage Bankers Association, total mortgage application rose 7.3% for the week ending April 15.

Refinance applications were up 10% from the previous week and 192% year-on-year, while mortgage applications for new home purchases fell for a fifth straight week.

Read the full article from CNBC.

Read 2263 times
Rate this item
(0 votes)
More in this category: « Stearns Lending Promotes Steve Smith to President Why California May Be the Best State for Your New Lending Business »

FOLLOW US