fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107

APPLY NOW!

Mortgage Industry News

« Return to Mortgage Industry News

Mortgage Application Volume Remains High Despite Rate Volatility

Wednesday, March 18, 2020

After last week's report on a record-busting week for mortgage applications, with applications for refinancing surging 79 percent and mortgage volume up nearly 55 percent overall, one might expect that things would settle down a bit. What probably is surprising, as the country goes into virtual lock down over the coronavirus outbreak, is how strong activity remained. The Mortgage Bankers Association (MBA) reports that, during the week ended March 14, its Market Composite Index, a measure of mortgage application volume, decreased 8.4 percent on a seasonally adjusted basis and lost 8.0 percent on an unadjusted basis. This left the volume of business 168 percent higher than the same week in 2019.

 

Read Full Article

Testimonial

"I appreciated the amount of professionalism, knowledge and customer service I received, I felt that Kim listened and truly understood my needs. I think Midwest Family Lending Corp is a small company that really takes care of their customers and that is one of the reasons I liked it so much. I have already referred family and friends to Kim. She is wonderful."
Denise W.