Mortgage Purchase Applications Rise 51.2% From Previous Week Despite Rising Mortgage Rates (Refi Apps Up 42.77%)

#bubble, #inflation, Fed, Housing, Inflation, Mortgage, Powell, Treasuries, Treasury, Uncategorized, Yellen 1 Minute

US mortgage purchase applications rose 51.2% from previous week, despite mortgage rates rising.

Of course, the first weeks of most years see large increases in mortgage purchase applications.

Mortgage refinancing applications were up 42.77% from the previous week.

Here is the MBA data.

So, the US housing market is off to a fast (and hot) start to 2022.

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