Mortgage Applications Jump 16 Percent
As the spring real estate market heats up, mortgage applications are on the rise!
The total volume of applications to purchase a home increased 16 percent from one year ago and applications to refinance a home have risen 41% in the same time period. It’s no surprise that homeowners are scrambling to refinance, as the average 30-year fixed rate loan is just 3.83% (down from 4.25% one year ago!).
Browsing for homes on EveryHome.com but don’t know when or how to reach out to a lender? We’ve got you covered! Give us a call at 215-699-5555 and we will be happy to introduce you to a local, friendly, knowledgeable loan officer.