Mortgage Demand Rises 8%

  • January 24th

by UrbanTurf Staff

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Mortgage rate chart 01-18-24.png

Mortgage demand rose last week with new purchase applications leading the way.

Mortgage application volume to purchase a home rose about 8% week-over-week, the Mortgage Bankers Association (MBA) reported on Wednesday. 

“Mortgage rates increased slightly last week, but there continues to be an upward trend in purchase activity," said Joel Kan, MBA’s Vice President and Deputy Chief Economist.  "Conventional and FHA purchase applications drove most of the increase last week as some buyers moved to act early this season.” 

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This article originally published at https://dc.urbanturf.com/articles/blog/mortgage_demand_rises_8/21891.

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