Mortgage applications point to more buyers

Despite recent data showing weak home sales for January, a new report shows home buyers may edge back into the market in March.

Mortgage applications to purchase a home rose 5 percent on a seasonally adjusted basis for the week ending February 20th from the previous week, according to the Mortgage Bankers Association (MBA). They are still 2 percent lower than the same week a year ago. The survey includes an adjustment for the President’s Day holiday. More here.

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