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Mortgage Applications Reach Highest Level In 18 Months

Mortgage Applications Reach Highest Level In 18 Months

| Feb 11, 2013 | Housing Market

Over the last five months, Mortgage applications have increased. Last month alone, Mortgage applications increased 1.8%, the highest level seen in over a year. A stronger mortgage application demand will create a path for a more stable housing market and an improving economy overall. According to mortgage Bankers Association, home loans are expected to rise, and refinances will decrease. It is also expected that new mortgage loans will grow approximately $10 billion dollars from last year. More here

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