According to recent industry data, total mortgage applications have seen a notable increase of 1.9% on a weekly basis. This growth has been primarily driven by a significant surge in VA refinance activity, showcasing a strong demand for refinancing among veterans and active-duty service members.
Key points:
– Total mortgage applications up by 1.9% weekly
– Surge in VA refinance activity driving the increase
– Indicates strong demand for refinancing among veterans and active-duty service members
You can read this full article at: https://www.housingwire.com/articles/lower-rates-fuel-growth-in-mortgage-application-volume-mba/(subscription required)
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