Mortgage Applications Up As Rates Keep Heading Down
Purchase demand climbs to highest level since February 2023; VA refis jump 32%
Purchase demand climbs to highest level since February 2023; VA refis jump 32%
Average refinance loan amount also rises, while purchase activity stays nearly flat
Higher rates, rising geopolitical conflict play a role; FHA refinances drive app activity
Purchase activity up despite rising rates, but refinances see notable retreat
Purchase apps still 13% higher than a year ago, despite latest weekly slide