What’s Driving This Week’s Spike in Mortgage Applications?

Orange County Register, Jan. 16, 2020–Jeff Lazerson
The Mortgage Bankers Association’s weekly mortgage survey indicates a 43% refinance increase and an overall 30.2% application spike for the week ending Jan. 10. Mideast war tensions between the U.S. and Iran are a key factor, said Joel Kan, the MBA’s associate vice president of industry surveys and forecasting.