Another record low mortgage rate just caused demand to jump for both refinances and home purchases
Mortgage interest rates have set record lows more than a dozen times this year, and last week there was yet another. That caused mortgage application volume to increase 3.9% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Original Article Source Credits: CNBC , https://www.cnbc.com/
Article Written By: Diana Olick
Original Article Posted on: NA
Link to Original Article: https://www.cnbc.com/2020/11/25/another-record-low-mortgage-rate-just-caused-mortgage-demand-to-jump-.html