Honolulu, HI: Mortgage Applications Surge Amid Falling Rates

Posted on Thursday, June 16th, 2011 at 10:44am.

Mortgage Applications Surge Amid Falling Rates

According to "RealtorMag", found online at www.Realtor.org, "More people are applying for mortgages: Applications for home mortgages had their largest increase in three months due to falling record-low interest rates, the Mortgage Bankers Association reports.

MBA's seasonally adjusted index of mortgage application activity increased 13 percent for the week ended June 10. That marks the index's biggest gain since March. The index measures applications for refinancing and purchase demand."

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