Tag Archives: Loan Demand for Home Purchases Hits Another High

Mortgage applications for home purchases reached a new high for the year for the third consecutive week, as 30-year mortgage rates sank to a new all-time low, the Mortgage Bankers Association reported Wednesday. The MBA’s index measuring mortgage application activity for both home purchases and refinancing soared 6.2 percent for the week ending Dec. 7.  Applications for home purchases, viewed as a leading indicator of future home sales, rose 0.7 percent and hit another high point of the year. Applications for refinancings — which make up the biggest bulk of […]