Growing demand for purchase loans

Demand for purchase mortgages picked up last week to the highest level since the end of June, even as a refinancing boom cooled, the Mortgage Bankers Association said in releasing the results of its Weekly Mortgage Applications Survey.

The survey showed applications for purchase mortgages during the week ending July 23 were up a seasonally adjusted 2 percent from the week before, but remained 34 percent lower than at the same time a year ago.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.