Mortgage applications rise for third straight week

Posted on AllSides June 29th, 2023
From The Right
Nathan Howard/Bloomberg via Getty Images

Demand for home mortgages in the U.S. climbed again last week.

The Mortgage Bankers Association (MBA) said Wednesday that mortgage loan application volume jumped 3% compared with the prior week, according to its seasonally adjusted index.

The Purchase Index for the week ending June 23 also rose 3%, the MBA said. 

"Purchase applications increased for the third consecutive week to the highest level of activity since early May but remained more than 20% lower than year ago levels," MBA deputy chief economist Joel Kan said in a statement. "New home...

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