Investors clung to optimism for a smooth economic reopening as more coronavirus restrictions started to ease.
The Wall Street Bull is seen during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 26, 2020.7:40 am: Mortgage demand from homebuyers jumps 18%
Mortgage applications to purchase a home rose a stunning 18% from a year ago, the Mortgage Bankers Association said Wednesday. The rate was up 5% for the week. Homebuyers are flooding the market as they try to snatch up what few homes there are for sale. "The pent-up demand from homebuyers returning to the market continues to support a recovery from the weekly declines observed earlier this spring," said Joel Kan, an MBA economist.
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