With interest rates down, mortgage applications climb 10 percent

The number of mortgage applications jumped 10.3 percent for the week ending June 6, according to the Mortgage Bankers Association’s latest mortgage survey. The association’s Refinance Index shows that the number of applications to refinance a mortgage also grew 11 percent compared to the week before.

HousingWire reports on the gains in today’s article, “Mortgage applications unexpectedly jump 10% for week.” Quicken Loans vice president Bill Banfield told HousingWire:

“The jump in applications shows folks are taking notice of rates near six-month lows.The jump in purchase applications is especially good to see, as homeowners may finally be getting comfortable putting their home on the market with the level of inventory they see around them.”

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