Mortgage applications increased for the second straight week, this time jumping 1.2% for the week ending May 14, 2021, according to the latest report from the Mortgage Bankers Association.

All loan types hit their highest levels in two weeks.

Mortgage rates were still lower than levels reported in late March and early April, providing additional opportunity for borrowers to refinance, said Joel Kan, MBA associate vice president of economic and industry forecasting.

“Ongoing volatility in refinance applications is likely if rates continue to oscillate around current levels,” Kan said. “There continues details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com