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Mortgage applications jump 4.5%
Hancock Mortgage Partners, LLC
Information credited to USA Today
Spring has sprung early in this housing market. Buyers, seeing a new trend toward higher interest rates, are rushing in before the first buds appear.
Mortgage applications rose 4.5% last week from the previous week, according to the Mortgage Bankers Association's seasonally adjusted report. Application volume was 6.1% higher than the same week one year ago.
Applications to purchase a home led the charge, rising 6% for the week to the highest level since April 2010. These loan applications are now 7% higher than the same week one year ago.
Read More at: USA Today