The numbers: Mortgage rates dropped to the lowest level in two months, prompting buyers to return to the housing market.Demand... The numbers: Mortgage rates dropped to the lowest level in two months, prompting buyers to return to the housing market.Demand rose for both purchases and refinancing. That pushed the market composite index — a measure of mortgage application volume — up, the Mortgage Bankers Association said Wednesday.
But home-buyers are active. The purchase index — which measures mortgage applications for the purchase of a home — rose by 7.8% from the previous week. The big picture: There’s a lot of pent-up demand in the housing market, but prospective buyers are watching the gyrations in mortgage rates and face challenges with low housing inventory.
bco268 your Cleveland castle is on the table
Terrific I have a closing by the end of next week, it's a rental property so I cant lock in rates until 2-3 days before closing Unfortunately it's an arm loan as all rental properties owned by an llc is considered commercial
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