Mortgage applications in the US increased for the first time in 5 weeks, although they remain at low levels.

Home purchase mortgage applications rose 2% from the previous week, while refinance mortgage applications increased 3%.

Mortgage interest rates remain low, with the average rate for a 30-year fixed-rate mortgage falling to 3.17% from 3.21% the previous week.

Despite the increase in mortgage applications, the overall level remains low compared to historical norms. This is attributed to the ongoing effects of the Covid-19 pandemic, including high unemployment and uncertainty about the future.

You can read this full article at: required)

Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.