Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update discusses mortgage applications.

  • Mortgage applications rose 12.8 percent the week ending December 2, after a decline of 11.7 percent the week prior.
  • The Purchase Index rose 8.3 percent for the week ending December 2, after being nearly flat the prior week.
  • The Refinance Index was up 15.3 percent for the week.
  • Cash purchases - which have been steady at 30 percent of transactions - were not captured in the data.