Home loan applications hit highest level since 2009

By Craig Giammona, Bloomberg
More and more Americans are looking to take advantage of mortgage rates hovering near record lows.
The Mortgage Bankers Association’s purchasing index rose 3.5% in the week ended June 12, hitting the highest level since January 2009. It was the ninth straight gain in applications for loans to purchase homes, which have surged in recent weeks after cratering in early April.
The housing market froze as the coronavirus spread across the U.S. and battered the U.S.