US Mortgage Applications Reach Highest Level Since 2023
Mortgage Bankers Association reports a 7.6% rise in home-purchase applications, marking a significant uptick in housing market activity.
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Terms & Concepts
Mortgage Bankers Association (MBA): A US-based trade group representing the real estate finance industry, known for publishing data on mortgage applications.
Home-purchase applications: Requests submitted by potential buyers to lenders for approval to finance real estate purchases.