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.

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Deena Zaidi

Deena Zaidi

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Journalist | Previously with @VentureBeat, @TheStreet @Truthout @SeekingAlpha | Blog: http://deenazaidi.com/