• Mortgage application volume increased 5.3 percent last week from the previous week and was 0.4 percent higher than a year ago, the Mortgage Bankers Association says.
  • Low rates appear to be the driver of refinance and purchase volume.
  • Purchase demand is still running well below historical norms, however, as today’s potential buyers are facing the weakest affordability levels in a decade.

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https://www.cnbc.com/2019/02/27/weekly-mortgage-applications-jump-5point3percent-as-lower-rates-seem-here-to-stay.html