Lending

Mortgage Applications from Buyers Leap 13%

Mortgage demand has stayed hot even as interest rates have drifted from their all-time lows. So reports CNBC.

According to the Mortgage Bankers Association, applications for loans to buy were up 13% in the week ending June 5 from the same period a year ago.

“The recovery in the purchase market continues to gain steam, with the seasonally adjusted index rising to its highest level since January,” Joel Kan, an MBA economist, said in a statement.

Read the full article from CNBC.

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