US Home-Purchase Applications Rise to Highest Since February
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A gauge of US mortgage applications for home purchases surged to the highest level since February as buyers seized on a small dip in borrowing costs and a greater selection of houses on the market.
The measure of purchase applications jumped 12.4% in the week ended Nov. 22 to 152.9, according to data released Wednesday by the Mortgage Bankers Association. While the percentage gain was the strongest since early 2023, the data are prone to large weekly swings around holidays.