Mortgage applications surge

Image Credit- Tierra Mallorca

Even though the U.S. economy remains burdened by the pandemic, prospective homebuyers and those seeking to refinance their existing mortgages are in for some good news.

Following a two-week dip, mortgage applications saw a surge of 8.2%, according to the recent report by the Mortgage Bankers Association (MBA) for the week ending Jan. 29, 2021.