April 30, 2024 1:00 pm
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Mortgage seekers jump whopping 22% last month

By Jann Swanson | Mortgage News Daily

Mortgage applications for new home purchases surged in January according to data from the Mortgage Bankers Association’s (MBA’s) Builder Application Survey (BAS). The survey of mortgage subsidiaries of home builders is used by MBA to project new home sales for the month.

January applications were up 22 percent compared to December, MBA said, and were 9.2 percent higher than in January 2016. The month-over-month change does not include any adjustment for typical seasonal patterns.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.