Mortgage Applications Rise 11.7%Jan 9 2013
Mortgage applications for the week ending Jan. 4th shot up 11.7% even as interest rates edged up during the same period, as stated on Housingwire.com. The Mortgage Bankers Association notes that both refinancing and purchase activity rose from a week earlier.
The refinance index, which measures refinancing application volume, shot up 12% from the previous week. The purchase index also rose 10% from the previous survey, however it is still down 2% from the pre-holiday period two weeks ago.
To see more about the just released survey, click here.