Mortgage Activity Rises as Rates Dip – Irvine Real Estate – Irvine Homes for Sale

by Robert Mack on January 5, 2011

in Buyers, Latest News

For the week ending Dec. 31, the volume of mortgage loan applications increased 2.3% after falling 3.9% in the prior week to the lowest level since December of 2009. Both weeks’ results included adjustments to account for the Christmas and New Year’s Day holidays.

The Mortgage Bankers Association reported data on Wednesday for the weeks ending Dec. 31 and Dec. 24. The MBA typically reports on mortgage activity each week but did not do so last week as it made adjustments for the Christmas holiday.

Posted on Irvine Orange County Real Estate Market News

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