The week following Labor Day saw a flurry of mortgage loan application activity, with volume jumping by 4.9% for the seven days ending Sept. 17, according to the Mortgage Bankers Association. Refis were on the front foot again.
The increase in application activity is quite different from the MBA’s survey published in early September, which saw application volume decline by 1.9%, dragged down in part by low refi activity and unexpectedly low purchase volume.
Joel Kan, associate vice president of economic and industry forecasting at MBA, at the time noted that the “economic data has sent mixed details ⇒
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