Real Estate

Mortgage demand from homebuyers spikes 28%

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A house for sale in Sarasota, Florida

Scott Mlyn | CNBC

 Thanksgiving week isn’t usually a popular time for homebuying, but most economic numbers this year are incomparable, especially in the pandemic-spiked housing market.

 Mortgage applications to purchase a home jumped 9% last week from the previous week, according to the Mortgage Bankers Association’s seasonally and holiday adjusted index. Purchase applications were a stunning 28% higher from a year ago.

 “Purchase activity continued to show impressive year-over-year gains, with both the conventional and government segments of the market posting another week of growth,” said Joel Kan, MBA’s associate vice president of economic and…



Source cnbc.com

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