California News

California Mortgage Applications Rise 77%

Daily Breeze-

California house hunters looking to finance a purchase have returned to almost their old buying pace, according to one industry metric.

Real estate watchers often track the Mortgage Bankers Association’s weekly reports on mortgage applications as a gauge of housing demand. Since the battle against coronavirus became widespread, the association has published a California slice among its national data.

Here’s what my trusty spreadsheet tells me about the state’s “purchase mortgage” application trends during a spring homebuying season derailed by COVID-19.

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