Mortgage Rates Bouncing Higher
Mortgage Rates Wednesday, March 29: Bouncing Higher
Meanwhile, home loan applications barely budged last week, falling just 0.8% from the week before, according to the Mortgage Bankers Association. However, as the home buying season begins, the real estate market seems to be off to a good start.
“As an early gauge of spring buying activity, purchase applications for the last four weeks were all higher than the corresponding week a year ago, up an average of 4.8% on a year-over-year basis,” Lynn Fisher, vice president of research and economics with the MBA, told CNBC.
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