Refinancing requests outpace new home purchases

Home loan applications went up last week in the U.S., and refinancing requests outnumbered purchases, reports Reuters.

By Staff | October 9, 2013 | Last updated on October 9, 2013
1 min read

Home loan applications went up last week in the U.S., and refinancing requests outnumbered purchases, reports Reuters.

Read: 5 after-effects of the recession

Applications to either buy a home or refinance a purchase went up 1.3% in the week ending Oct. 4, finds the Mortgage Bankers Association, which tracks the rates.

The week prior, demand fell 0.4%.

Read more here.

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Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.

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