Market Update

Summer love for housing as rates tick even lower

Summer love for housing as rates tick even lower

The numbers don’t lie. Economists at Freddie Mac report home purchase demand is up 20% annually and at its highest level of activity since 2009. The Mortgage Bankers Association delivered similar data this week, with purchase applications up for a ninth straight week. On a yearly basis, the MBA shows purchase applications are up 21%, the highest volume in more than a decade. 

This is due to a combination of historically low interest rates—that seem to get lower every week—and the reopening of the economy.

Continue reading Summer love for housing as rates tick even lower at Movement Mortgage Blog.

About the authors

Looking to change the home buying process for the better, the Humes Team is here for all of your mortgage needs. No loan is too big or too small. We believe one should treat others as expected to be treated. We pride ourselves in honesty paired with communication to deliver A1 service with great results.

Meet the team

About Movement Mortgage

Movement has grown from a small team of 4 to over 4,000 employees with more than 500 locations across 46 states. Inc. Magazine recognized Movement Mortgage as the fastest-growing mortgage bank in the country.

Learn more about movement