New-year optimism reflected in mortgage applications jump
Housing Wire
JANUARY 13, 2021
Mortgage applications jumped 16.7% after a 4.2% drop last week , according to the Mortgage Bankers Association. The jump underlines the seasonality behind last week’s decreas e in mortgage rates, as well as the expectation of additional fiscal stimulus from the incoming administration, per MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.
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