General World News

Demand for mortgages picks up: MBA

Mortgage demand continued to increase last week, as seen in an uptick in purchase activity. Mortgage applications rose by 3.7% in the week ending Jan. 19 compared to one week earlier on a seasonally adjusted basis, per the Mortgage Bankers Association‘s (MBA) weekly mortgage applications survey.

“Conventional and FHA purchase applications drove most of the increase last week as some buyers moved to act early this season,”Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. “Refinance applications declined over the week and remained at low levels. There is details ⇒

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