The final week of summer saw a surge in demand for mortgages from homebuyers and homeowners alike. An index tracking the weekly volume of purchase loan applications increased 3 percent, seasonally adjusted, from the prior week. The Mortgage Bankers Association metric, known as the purchase index, was up 25 percent year-over-year. It was the 18th consecutive week that the purchase index was higher than it was a year earlier. The average purchase loan size grew
source https://therealdeal.com/2020/09/23/applications-for-home-mortgages-surged-last-week/
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