As the summer heats up, so too is the demand for home loans. An index tracking the volume of mortgage applications to buy homes increased 2 percent, seasonally adjusted, from the second week of July when it fell by 6 percent. The so-called purchase index is a metric based on the Mortgage Bankers Association weekly survey, which encompasses 75 percent of the U.S. residential mortgage market. Joel Kan, who leads industry forecasting for MBA, said
source https://therealdeal.com/2020/07/22/theres-a-scramble-to-refinance-and-buy-new-homes/
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