Buyers Are Looking to Purchase a Home, Mortgage Applications up 11%

Published Friday, May 15, 2020

KEY TAKEAWAYS:

  • Applications to buy a home rose 11%, going up for the 4th straight week in a row.
  • This gain came despite a rise in the 30-year-fixed mortgage rate which went from a record low of 3.40% to 3.43%.
  • Buyers are coming back to the housing market much quicker than anticipated. 
Read more here: https://www.cnbc.com/2020/05/13/mortgage-applications-from-buyers-jump-11percent-signaling-life-for-spring-housing-market.html

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A REALTOR® is a licensed real estate agent who is a member of the National Association of REALTORS®, (NAR) the largest trade group in the country.

Every agent is not a REALTOR®.  You become a REALTOR® after you pass your real estate course, pass the state license exam, join a real estate company and then join the National Association of REALTORS®.

According to the NAR, the term REALTOR has one, and only one, meaning:
"REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics."

Michael Fair, President and Director of Your House Academy is an NAR member.