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.

https://finance.yahoo.com/news/u-purchas...

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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