Mortgage applications increasing

For some weeks now, number of people applying for a mortgage loan, be it for house purchase or refinance has been on the rise.

As per January 11 week ending report from MBA (Mortgage Banker's Association), mortgage activity has jumped to 28.4% week-over-week. It is slightly lower than the increase seen in week ending January 4 where the increase was 32.3%.

Additionally, new mortgage applications have gone up by 11.4% & number of people looking to refinance has increased by 43.4%.