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U.S. mortgage applications climb to 11-month high: MBA

U.S. mortgage applications climb to 11-month high: MBA

(Reuters) – The number of U.S. consumers who applied for loans to buy a home and to refinance one rose to an 11-month high last week, signaling that the recent drop in interest rates is reviving housing activity, the Mortgage Bankers Association said on Wednesday.

Reuters

The Washington-based industry group’s seasonally adjusted gauge on mortgage applications increased 13.5 percent to 411.8 in the week ended Jan. 11. This was the strongest reading since February 2018.

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U.S. mortgage applications climb to 11-month high: MBA

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MBA

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700