According to the Mortgage Brokers Association, their index for mortgage applications (which can be for buying or refinancing) increased for the week ending April 3^rd, going up 4.7& to 1,250.6. Also, results indicate that the majority of those applications were for buying, rather then refinancing. The chief economist for LendingTree.com, Cameron Findlay, said that over the past few weeks his company has had a strong demand for home loans. He also said that "In addition, the quality of the borrowers coming to us has remained high with high FICO scores and low loan-to-value ratios,...This is an encouraging sign as responsible borrowers looking to purchase or refinance their homes are getting the help they need with low rate, high-quality loans." A FICO score, is a rating of the borrower´s credit, their estimated ability to repay their loan in good standing.

This is also a good moment for buying, as while interest rates are slightly increasing, they are still far below their previous highs. Costs on a 30-year fixed mortgage rate is at about 4.73%, an increase of 0.12 percentage points from that of the previous week. However, a year ago the levels averaged 5.78%. Findlay also commented on this saying, "As rates remain at historic lows, we anticipate this trend will continue as more borrowers take the time to shop around for competitive rates on home loans,".

Refinance applications ahave decreased, going from 79.1% to 77.9%, while according to the Mortgage Bankers seasonally adjusted index, refinance applications rose 3.2%, leveling at 6,815.