Real Estate

Mortgage demand from homebuyers surges 40% from a year ago

[ad_1]

A real estate agent shows a home to a prospective buyer in Miami.

Getty Images

The end of August usually marks the beginning of the slow season for housing, but as with everything else, this year’s trends are like no other.

Mortgage applications to purchase a home rose 3% last week from the previous week and were a stunning 40% higher from a year ago, according to the Mortgage Bankers Association’s seasonally adjusted index. The year-on-year comparison is usually in single digits. While it may have been skewed slightly by the Labor Day holiday,which fell earlier last year, purchase demand is still running significantly higher than a year ago.

Buyers are still getting significant incentive…

[ad_2]

Source cnbc.com

Forex News
Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.

    Tesla is ‘tech on wheels,’ and that gives its stock room to run: Trader

    Previous article

    Slack (WORK) earnings Q2 2021

    Next article

    Comments

    Leave a reply

    Your email address will not be published. Required fields are marked *