Mortgage applications jump showing signs of consumer confidence

[Neil Narayan]

• - The seasonally adjusted purchase index jumped 12% from one week earlier, according to data for the survey ending April 24 and released Wednesday by the Mortgage Bankers Association.
• - "The ten largest states had increases in purchase activity, which is potentially a sign of the start of an upturn in the pandemic-delayed spring homebuying season," said Joel Kan of the MBA.
• - Mortgage rates also fell to another record low in the MBA's survey, as the 30-year fixed rate decreased to 3.43%.

[Karl B.]

This doesn't surprise me. Aside from the rates being low I imagine a lot of people working in their apartments cooped up all day thinking about how awesome it would be to have extra space and a yard.