Even though the week ended January 4 was shortened by the New Year’s holiday mortgage application volume rebounded strongly. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, was up 23.5 percent on a seasonally adjusted basis compared to the previous week and 68 percent on an unadjusted basis.  The week’s results include an adjustment for the New Year’s Day holiday.

Refinancing activity came in hot; the Refinance Index rose 35 percent and the refinance share of mortgage activity increased to its highest level since last February, 45.8 percent.  The previous week the refinancing share was 42.7 percent.

The seasonally adjusted Purchase Index was up 17 percent from one week earlier. The unadjusted version gained 59 percent week-over-week was 4 percent higher than the same week one year ago. …

Article From: "Jann Swanson"   Read full article

lawyers for real estate, Boston Massachusetts, arrow icon

McDevitt Law Group

Massachusetts Real Estate Attorneys
•   •   •

McDevitt Law Group strives to provide the highest quality real estate law and estate planning services, and we have for almost 40 years. As a small law firm, we pride ourselves on providing personal attention to your case and providing the highest quality representation. Call us today, or use the contact form below.

Barnstable County | Bristol County | Duke County | Essex County | Middlesex County | Nantucket County | Norfolk County | Plymouth County | Suffolk County

Just click on the Phone Number to dial on your phone:



lawyers for real estate, Boston

Pin It on Pinterest