Mortgage Loan Activity Ticks Up, But…March 3, 2021
Having dropped 10 percent last week, mortgage loan activity across the U.S. ticked up 2.0 percent this week, with purchase loan activity ticking up 5 percent and refinancing activity inching up 0.1 percent, according to the Mortgage Bankers Association.
But the year-over-year increase in purchase loan activity, which measured 17 percent three weeks ago, has dropped to 1.0 percent.
And the year-over-year increase in applications to refinance, which were up 100 percent in early January, was down to 7 percent with mortgage rates inching up but still historically low.
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