Purchase application volume hit the highest level since October 2009, rising 16% for the week and 8% from a year ago, according to Mortgage Bankers Association data. Refinance applications jumped 43% for the week and were 109% higher than one year ago. CNBC’s Diana Olick reports.
Purchase application volume hit the highest level since October 2009, rising 16% for the week and 8% from a year ago, according to Mortgage Bankers Association data.
Andy and Nicole Hill bought a 2,600-square-foot home just outside of Detroit at the end of 2013. They paid it off in November 2017.
Andy and Nicole Hill bought their dream home just outside of Detroit at the end of 2013. Their initial goal was to pay off their mortgage in five years, but they ended up paying it off over a year faster than they planned. The couple chose mortgage terms that would let more of their payment …
Mortgage application volume fell 1.5% for the last two weeks of the year, according to the Mortgage Bankers Association.
December is not the most popular time to list a home for sale historically, but this past December it was particularly unpopular. The supply of homes for sale was 12% lower compared with December 2018, according to realtor.com. The decline was much steeper than the 9.5% annual drop in November. Demand is so strong, that …
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The average rate on the 30-year fixed mortgage fell to the lowest level since October this week, according to Mortgage News Daily.
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