Wednesday, December 10, 2008

Real Estate Outlook: Mortgage Applications Rise

If new mortgage applications are a reliable gauge of forthcoming home purchases, looks like we've got a bumper crop taking shape out there.

Last week the Mortgage Bankers Association's national survey registered a record 37 percent jump in applications...

Read the entire article...

Ivie's Comments:

This is great news. More application mean there are more people looking to buy, out there. Of course, the lower interest rates are very enticing! With home prices coming down, it's a great time for people to get a good deal on a house. If they can get an even better deal with the interest rates, that should make for some new sales!

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