Source: Bloomberg
“US mortgage applications to purchase a home jumped to the highest level since early 2023 last week, even as borrowing costs barely budged. The Mortgage Bankers Association’s index of home-purchase applications advanced 9.4% in the week ended July 4, according to data out Wednesday. MBA’s measure of refinancing jumped by a similar amount to the highest level since April. While the figures are adjusted for seasonal effects, they are still prone to wide swings around holidays like Independence Day. And even with the increases, both gauges are still well below their pre-pandemic levels.” (07/09/25)