Market update: mortgage applications increase 1.4 percent

  • August 20, 2014

The weekly MBA mortgage application survey reported a 1.4 percent increase in mortgage applications for purchases and refinances. Quicken Loans Vice President Bill Banfield offers the following comments on the report.

“Purchase applications never quite reached the aspirations of many housing bulls this summer. These numbers continue to disappoint, given that rates have improved recently and continue to hold a firm grip near historic lows.”

If you would like to speak to Bill about this or any other topic, please contact us.

 

Print Friendly, PDF & Email