After several weeks of decline, mortgage applications finally increased last week. This is largely due to the decrease in mortgage rates, which have fallen to near three-year lows. This has led to an increase in refinance activity, as well as a modest uptick in purchase activity. With rates expected to remain low for the foreseeable future, we expect to see continued strength in the housing market.
You can read this full article at: https://www.housingwire.com/articles/mortgage-demand-rises-ahead-of-key-fomc-meeting/(subscription required)
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