<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=284525548375587&amp;ev=PageView&amp;noscript=1">

(978) 835-5906

Massachusetts Home Buyer Guide


Homebuyers Drive Mortgage Applications Up

Jan 14, 2013 5:30:00 PM

After three straight weeks of declines, the Mortgage Bankers Association (MBA) reported last week that U.S. mortgage applications increased 11.7 percent. 

While refinance applications rose 12.1 percent, home purchase loan applications, a leading indicator of home buyer demand for homes, jumped 11.7 percent. 

Refinance applications made up 82 percent of total mortgage activity, the same as the previous week. Mortgage applications rose depsite an increase in average mortgage interest rates from 3.52 percent to 3.61 percent, the highest level since early November. 

The MBA survey covers more than 75 percent of U.S. retail residential mortgage applications.

Get Advice About Home Loan Programs

Topics: Mortgage Rates & News


Blog Home

Subscribe to this Blog

Learn the Steps to Buying
a Home in Massachusetts

The Steps to Buying a Home


Search Homes For Sale

Search the latest home listings. Sign up for property alerts.


Are You Ready to Learn Some Home-buying Tips? 


Learn About Buyer Agents

Most Popular Posts