Mortgage Apps Rise

nationalmortgagenews (NMN) tells MHProNews the Mortgage Bankers Association (MBA) says mortgage applications jumped 11 percent for the week ending Sept. 7 after several weeks of decline. Noting the holiday may have given potential borrowers an extra day to apply online, the trade group says refinancings accounted for 80 percent of the applications, up by a point over the previous week. According to information from NMN and the Quarterly Data Report, for Q2 refis accounted for 72 percent of all business.

(Image credit: ForeclosureListings)

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