Mortgage Application Activity Picks Up

By Editor November 20, 2014

According to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, mortgage applications rose 4.9%, on a seasonally adjusted basis, from the previous week. The jump in mortgage applications this week ended the three-week decline in application activity. Additionally, the FHA share of mortgage applications also rose .3% from the previous week, and the seasonally adjusted Purchase Index jumped 12% reaching the highest level seen in approximately four months. More here