Fitch: FHA Move, Falling Mortgage Rates a Boon for U.S. Homebuyers
Link to Fitch Ratings' Report: Residential Mortgage Market Index — U.S.A.
Link to Fitch Ratings' Report: Residential Mortgage Market Index — U.S.A.
Building on the huge momentum two weeks ago, mortgage application volume jumped further last week, up 14.2 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association (MBA).
We're not going to be seeing 5% mortgage rates anytime soon – here's why.