Minimal rates are maintaining home loan applications to arrive at a trade team states.
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Mortgage loans are really a commodity that is hot cold weather by way of home loan prices that remain at their lowest amounts in months — and sometimes even years.
The volume of loan applications remained strong, according to a trade group’s new report though borrowing softened a little bit last week.
Mortgage application amount still ‘elevated’
General home loan applications slipped 1.2% when you look at the week closing Jan. 17, the Mortgage Bankers Association states. Continue reading Hot Mortgage Prices Have Borrowing Sizzling This Cold Temperatures