As 30-year fixed mortgage interest rates have remained fairly flat there's a growing steady stream of borrowers seeking mortgages to either buy homes or refinance them. The overall demand for 30-year mortgages for both home purchases and refinancing has created a rebound from seven-month lows, which rose by 10.9 percent to 493.1 for the week ending on July 3rd.
While purchase mortgage applications rose 6.7 percent that week to 285, loans for refinancing also rose by 15.2 percent in the same week to 1,707.
The 30-year mortgage rate average remained steady at 5.34 percent for that week which is higher than the record low set in late March at 4.61 percent while still remaining well below a high of 7.04 percent that same week a year ago.
These are just a couple of additional indicators that show steady recovering coming out of the housing market.