Mortgage demand from homebuyers jumps 18%, as interest rates set another record low
KEY POINTS
- Mortgage applications to purchase a home rose 5% for the week and were a stunning 18% higher than a year ago, according to the Mortgage Bankers Association.
- As the coronavirus outbreak was surging six weeks ago, applications by homebuyers were down 35% annually.
- The average rate on the 30-year fixed mortgage hit another record low, 3.37% Read More:
