Mortgage Applications Continue To Improve Ahead of Spring Homebuying Season
Mortgage rates have declined for the third consecutive week, leading mortgage applications to rise.
According to Mortgage Professional America, “mortgage rates declined for the third straight week, which is good news for potential homebuyers looking ahead to the spring homebuying season,” said Joel Kan, MBA’s vice president and deputy chief economist. “Mortgage rates on most loan types decreased last week, and the 30-year fixed rate reached its lowest level since September 2022 at 6.2%.”