Weekly Home Purchase Applications Jump 12%

Navigating the Unchartered Waters: Rising Interest Rates in Mortgage Lending Explore how rising interest rates are affecting mortgage lending and homebuyer affordability in the current market.

Estimated reading time: 0 minutes, 18 seconds

Wednesday, May 06 2020

Written by Chris Frankie

Mortgage applications to buy a home last week rose by 12%, according to the Mortgage Bankers Association. So reports CNBC.

The uptick indicated a possible shift in buyer optimism after a month of coronavirus-related declines.

A drop in refinance applications still led total mortgage volume to fall by 3.3% for the week, according to the MBA.

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