Demand rises for purchase loans, refis

30-year fixed back under 5%

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

A dip in mortgage rates during the week ending Feb. 26 was accompanied by a 14.6 percent surge in demand for loans, the Mortgage Bankers Association said in releasing its Weekly Mortgage Applications Survey.

Demand for refinancings was up 17.2 percent from the previous week, and purchase loan applications were up a seasonally adjusted 9 percent.