Tag: Purchase Applications

What goes up, must come down. Following a stellar start to the month last week, in which mortgage applications jumped by more than 30 percent after the New Year’s holiday, the pendulum swung back slightly.

The week after the holidays usually sees a sharp jump in mortgage applications activity, and last week was no exception, according to the Mortgage Bankers Association.

Mortgage applications yo-yoed over the past two weeks, falling by 13 percent over the holiday break before regaining most ground the first week of January, the Mortgage Bankers Association reported this morning in its Weekly Applications Survey for the weeks ending Dec. 27, 2019 and Jan. 3.

Mortgage applications fell from one week earlier as key interest rates hovered just under 4 percent, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending December 13.