Why aren’t mortgage applications higher?

mortgage-application-increaseREALTORMag

More borrowers took advantage of low mortgage rates last week but housing experts say mortgage applications should be much higher.

Total mortgage applications – including those for refinancings and home purchases – rose 2.8 percent on a seasonally adjusted basis compared to the previous week, the Mortgage Bankers Association reports. Most of that increase was due to an uptick in refinance applications, which increased 4 percent week-over-week.

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September 2016
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