In the latest report from the Mortgage Bankers Association (MBA), mortgage demand saw a slight increase after four consecutive weeks of decline, with a particular rise in refinance applications driving the uptick. However, industry experts caution against expecting this trend to continue, citing various factors impacting the market.
Key points from the report include:
– Mortgage applications rose by 0.1% on a seasonally adjusted basis during the week ending April 5
– Refinance applications were the main driver of the increase in mortgage demand
– Experts suggest that the slight uptick may not be indicative of a lasting trend in the mortgage market
You can read this full article at: https://www.housingwire.com/articles/mortgage-demand-increased-for-the-first-time-in-a-month/(subscription required)
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