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Mortgage Applications Rise But Buyers Remain On Sidelines

  • February 5th

by UrbanTurf Staff

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With spring around the corner, potential homebuyers aren't giving many signs that they are diving in. 

Mortgage application volume rose about 2% over the last week, the Mortgage Bankers Association (MBA) reported on Wednesday, however applications to purchase a home fell 4%.  

“The average loan size for a purchase loan has increased since the start of the year and continued that trend last week with weaker government purchase activity, which reached $447,300, the highest level since October 2024,” said Joel Kan, vice president and deputy chief economist at the MBA. 

See other articles related to: mortgage demand

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/mortgage_demand_drops_as_buyers_remain_on_sidelines/23153.

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