Mortgage Applications Climb

During the week ending in November 9th, the mortgage application rates climbed from 670 the previous week to 707. That’s a 5.5% increase even though rates slightly increased. “Refinance volume increased 6.4 percent during the week, while purchase volume jumped 4.8 percent. Refinance volume accounted for 50.2 percent of total applications. . .” (read article)