The number of mortgage applications for the week ending January 4, 2013 increased 11.7 percent on a seasonally adjusted basis from the week ending December 28, 2012, the Mortgage Bankers Association announced today. On an unadjusted basis, the Index increased 49 percent compared with the previous week. The results include an adjustment to account for the New Year’s Day holiday. The Refinance Index increased 12 percent from the previous week and is up less than 1 percent from two weeks ago, the week prior to the holidays. The seasonally adjusted Purchase Index decreased increased 10 percent from last week but is still down 2 percent from two weeks ago, the week prior to the holidays. Unadjusted, the Purchase Index increased 49 percent and was 8 percent lower than the same week one year ago. [more]
Mortgage applications up sharply after holidays; rates inch up
January 09, 2013 03:00PM
January 11, 2013 at 3:15 am, AliciaS said:
According to mortgage interest rates keep on changing constantly, I got a little bit surprised to find out that a number of applicants had significantly increased. It is definitely prove that our economy and financial situation is basic families have slightly improved. This is a really good sign for housing market since there were noticed a lot of constructions opening lately. Obviously our nation feel more or less secure applying for mortgages. To be honest, I am that confident so far and taking out such a big loan ( read about small loans here: http://paydayloansat.com/) seems a little silly just yet. Our economy has to become stronger so far.