Mortgage applications have surged more than 30% as Americans flock to take advantage of the lowest mortgage rates in months, a trade group said Wednesday.
"The mortgage market saw a strong start to 2020. Applications increased across the board" last week, says Joel Kan, associate vice president of economic and industry forecasting for the Mortgage Bankers Association. "Lower rates provided a larger incentive for borrowers to act."
If you're thinking about buying a home, or if you already have a mortgage but could do better by refinancing, you ought to think about joining the crowd.