International Economic

US mortgage applications surge 16.8pc

By Iain Gilbert

Date: Wednesday 14 Aug 2024

(Sharecast News) - Mortgage applications surged 16.8% in the week ended 9 August, according to the Mortgage Bankers Association, the sharpest week-on-week increase since January 2023.
Applications to refinance a home soared 35%, while applications to purchase a home were up a much more modest 3%.

The increase, which extended...

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