Industry NewsMortgage

Demand for refis picks up again

More requests for FHA purchase loans reported
Published on Aug 26, 2009

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by CareyBot

Applications for mortgages were up 7.5 percent for the week ending Aug. 21, although the increase was mostly driven by increased demand for refinancings, the Mortgage Bankers Association said in releasing results of its Weekly Mortgage Applications Survey.

Requests for refinancings were up 12.7 percent from the week before, and refinancings accounted for 56.5 percent of all applications, up from 53.3 percent, the MBA said.

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