The weekly MBA mortgage application survey saw considerable growth this week with applications increasing 6.4% overall and refinance applications increasing 9% from the previous week. Quicken Loans economist Bill Banfield offers the following comments of the report.
“More homeowners are seizing the opportunity to refinance with interest rates at 4 month lows. If we remain in this range, we should see HARP refinance eligible clients find significant benefits as well as great opportunities for homebuyers.”
If you would like to talk to someone at Quicken Loans, please contact us.