U.S. purchase mortgage activity hits 9-year high - MBA

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Submitted by The-Shoveler on April 17, 2019 - 10:18am

Someone is buying homes

Applications to U.S. lenders seeking loans to buy a home climbed to their highest level in almost nine years last week even as mortgage rates increased for a second week, the Mortgage Bankers Association said on Wednesday.

The Washington-based group's seasonally-adjusted barometer on purchase mortgage activity, which is seen as a proxy on future housing activity, edged up 0.9% to 280.7 in the week of April 12, marking its strongest reading since 291.3 in the week of April 30, 2010.


Maybe things are about to heat up.

Submitted by gzz on April 18, 2019 - 8:06am.

There’s definitely a surge of transactions in 92107. 26 sales between 3/16 and 4/15, currently inventory is 44, so a blazing hot 1.7 month supply.

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