Weekly mortgage applications rise 3.6%, a sign of hope for the spring homebuying season

The normal spring home buying season for most of America is typically April, May and June. The main reason for this season is because many Americans take vacations during July and August. Not to mention, in places like Sacramento, it can get as hot as 115 in mid-summer, which makes it almost always a good time to leave town.

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Photo: Robert Clark. Home prices were up in all 50 states in April and are expected to continue to rise. And with prices on the rise, over a third of the top US housing markets are currently overvalued, according to a newly released report by CoreLogic.

The spring home buying season is already beginning as pending home sales reversed course and increased in much of the country in February, according to the latest report from the National.

How to Negotiate Price when Buying a House Mortgage rates are on the rise, but pending-home sales posted better-than-expected gains in June. Meanwhile, mortgage applications fall for the third straight week.

We hope you have enjoyed your complimentary access for the month.. strong spring real estate season shaping up – but who’s got the advantage?. we’ve seen mortgage rates decline and wages.

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Weekly mortgage applications rise 3.6%, a sign of hope for the spring homebuying season Lisa Rizzolo. 2/20/2019. Trump meets Kim in DMZ, steps into North Korea.

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On an unadjusted basis, the index increased 5% from last week. The Refinance Index jumped 7% from the previous week. The Purchase Index also increased, rising 3% from last week. The refinance share of mortgage activity increased from last week’s 38.5% to 39.4% of total applications.