The mortgage industry experienced a notable increase in activity recently, with a significant uptick in purchase applications driving much of the growth. This surge occurred despite interest rates climbing to their highest level in several months, indicating continued strong demand from homebuyers.
Key takeaways from the text include:
– Increase in mortgage activity driven by purchase applications
– Interest rates at highest point since December
– Strong demand from homebuyers evident in the market
You can read this full article at: https://www.housingwire.com/articles/mortgage-demand-ticks-up-for-second-consecutive-week/(subscription required)
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