Mortgage Applications Increased on Lower Rates During Week Ended May 7
Appraisal Buzz
MAY 16, 2021
Mortgage application volume increased 2.1% on a seasonally adjusted basis during the week ended May 7, as mortgage rates fell, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. . Applications for refinances increased 3% compared with the previous week, while applications for purchases were up 1%. Year-over-year, applications for refinances were down 12% while applications for purchases were up 13%.
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