Mortgage Loan Application Volume Surges

According to the Mortgage Bankers Association’s Weekly Application Survey, demand for mortgage loans surged last week from the week before. The Market Composite Index, which measures both refinance and purchase activity, was up 11.1 percent due to a 12 percent...

Time On Market Falls As Inventory Tightens

The amount of time it takes to sell a home has fallen dramatically over the past year, according to new estimates. In July, the median amount of time a home was on the market was 69 days, which is 29.6 percent below last year when it was 98 days. The data, released by...

Average Mortgage Rates Fall In Latest Survey

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell last week from the week before. But, despite decreasing rates, mortgage application volume also decreased last week. The Market Composite Index, which...