Mortgage applications increased 7.0% from a week ago, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The Refinance Index increased 15% from the previous week, but still 77% lower than the same week one year ago. The Purchase Index also increased 3% from one week earlier as mortgage rates declined for the third straight week. This is good news for potential homebuyers looking ahead to the spring home buying season
The steel market is a live market. Our mid-week update gives you the latest input costs, supply, demand, price, and economic trends. These updates allow you to stay on top of market movements as they happen, helping you manage your business.