Home Loan Demand Up as Purchase Activity Gains
(CNBC/ Reuters) — The four-week moving average of mortgage applications, which smoothes the volatile weekly figures, was up 2.2 percent.
The MBA’s seasonally adjusted purchase index increased 6.8 percent, hitting its highest level since the week ended Oct. 30.
Michael Fratantoni, the MBA’s vice president of research and economics, said the activity may reflect the looming expiration of a homebuyer tax credit, just as many homebuyers in October had rushed to get loans closed before the original expiration of the tax credit.
SEE ALSO
- From Basic To Bomb: 5 Ways To Elevate Your Sex Game This Summer
- Gym Etiquette 101: 10 Rules Every Respectful Member Should Follow
- Pastor Keion & Lady Shaunie Henderson’s Cry Out Con 2025 Delivers Soul, Spirit And Strength
- Celebrity Hairstylist Dee Michelle Talks Hair Health & Her Invisible K-Tip Method