Mortgage demand from homebuyers jumps to highest level since April, after new listings rise all summer

Mortgage demand from homebuyers jumps to highest level since April, after new listings rise all summer

Mortgage demand from homebuyers jumps to highest level since April, after new listings rise all summer - Mortgage applications to purchase a home jumped 7% last week from the previous week. - The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) remained unchanged at 3.03%. - Applications to refinance a home loan fell 3% for the week and were also 3% lower than the same week one year ago. Fall is usually the start of the slower season for the housing market, but nothing is usual in today's pandemic-driven housing market. Potential homebuyers are seeing a slight rise in inventory and consequently rushing back into the fray. Mortgage applications to purchase a home jumped 7% last week from the previous week, seasonally adjusted, …
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