According to a new report from the Mortgage Bankers Association, U.S. mortgage applications surged during the first week of January.
The MBA data signaled that applications went up by a major 9.9% from the week prior during the week ending Jan. 5.
The growing mortgage demand comes as the average U.S. mortgage rate continues trending downward.
Home purchase applications were reportedly likewise up 6% week-over-week during the same time period.
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