The demand for home refinancing is leading the increase in home mortgage applications, according to the Mortgage Bankers Association. The blog North Carolina Mortgage Loans has a post with all the details. Here is an excerpt:
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and purchasing loans, last week increased 1.4 percent to 561.2 - its highest level in 11 weeks.