Last week saw the largest jump in mortgage applications since March of 2020.
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Let’s hope it’s a sign of things to come.
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Thanks for some good news Ryan. This will help close the gap between home price and affordability. Time to get all the back office crap cleaned up and expect the best to come.
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It’s kind of an odd spike. Below is the ten year chart and it even stands out on that. Wonder what caused it? 
I don’t know. But remember, many people during the housing boom could not buy. They were edged out by cash buyers and investors. Those investors have retreated opening up a traditional retail type market. Prices and mortgage rates are dropping, so more traditional buyers can enter the market.
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Good observation. Many investors filled their portfolio and are not in the market at the moment as well. They are in a “holding pattern” if you will.