Mortgage Applications Climb For Third Week As 30-Year Interest Rates Drop - Arbor Realty Trust (NYSE:ABR), Invesco Mortgage Capital (NYSE:IVR) - Benzinga
benzinga.comSubmitted by benzinga3476 in business
Mortgage applications in the US saw a 1.9% increase for the week ending May 17, continuing an upward trend. Refinancing applications surged by 7% and stocks of mortgage-sensitive firms are on the rise.