Wednesday, May 27, 2020

U.S. mortgage applications rise for sixth straight week

  • “U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead the economy’s recovery from the novel coronavirus crisis even as high unemployment is expected to linger.”
  • “The sustained gains in mortgage applications suggest a jump in first-time buyers of both new and previously owned homes in April was probably not a fluke. Homebuilder sentiment also improved in May.”

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