Home loan applications dropped last week as refinancing requests waned but requests for purchases showed a healthy gain. The Mortgage Bankers Association’s index measuring home loan application volume slid 3.3 percent, seasonally adjusted, for the period ending April 24 from the week before. But one element of that index — a metric tracking mortgage applications to buy single-family homes — jumped by 12 percent, nearly four times the previous week’s rise. Joel Kan, MBA’s associate
source https://therealdeal.com/2020/04/29/loan-applications-for-home-purchases-jump-12/
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