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Mortgage application figures see mid-month rise in April

Posted on Wednesday, April 17, 2013 at 1:22:27 PM

As national mortgage rate averages continue to be seen at advantageous levels, an increasing number of consumers may be seriously pursuing affordable residential financing in the coming weeks.

The latest Weekly Mortgage Applications Survey released by the Mortgage Bankers Association outlined a 4.8 percent seasonally adjusted week-over-week increase in mortgage loan application volume for the period ending April 12.

Meanwhile, the organization's Purchase Index reportedly sustained a seasonally adjusted weekly rise of 4 percent, registering at its best reading since May 2010. A hike of around 5 percent was exhibited by the Refinance Index - which was noted at the highest level seen since mid-January of 2013 - even though the refinance share of mortgage activity didn't see any week-over-week change from its position at 75 percent of total applications.

Because of the recent positive developments, many individuals could be feeling more confident in their abilities to afford a home. In its Real Estate Regrets survey, Trulia announced that 75 percent of American citizens presently feel now might be a better time to purchase property, as opposed to April 2014. 

Consumers who are interested in making a purchase in the near future can find a variety of residential lending options with Home Loan Investment Bank. The trusted firm has been in operation for decades and has helped hundreds of clients toward financial stability.