Tag Archives: Mortgage Applications for Home Purchases Tick Up 3.4%

Home buyers and refinancers are looking at cashing in on record-low interest rates, sending mortgage applications higher for the week. Mortgage applications for purchasing a home increased again last week, rising 3.4 percent for the week ending May 4, the Mortgage Bankers Association reports in its weekly survey. Overall, mortgage applications rose 1.7 percent this week compared to the prior week. Applications for refinancing, which make up the biggest bulk of mortgage applications, increased 1.3 percent. Home owners refinancing at today’s lower rates are seeing savings, according to a refinance […]