In a notable shift from previous weeks, the Mortgage Bankers Association (MBA) recently announced a rise in mortgage demand, signaling positive momentum in the housing market. According to the latest report, mortgage applications increased by 0.5% during the week ending Nov. 8, marking the first uptick in seven weeks.
Key points:
– Mortgage demand experienced a 0.5% increase after a seven-week period of decline.
– The Mortgage Bankers Association (MBA) reported the rise in applications, indicating a potential shift in the housing market.
– This development suggests a potential increase in homebuying activity and reflects changing trends in the mortgage industry as economic conditions evolve.
You can read this full article at: https://www.housingwire.com/articles/mba-mortgage-application-demand-rises/(subscription required)
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