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Sep20
Mortgage Applications on the Rise
I believe this is good news for the mortgage industry. Mortgage applications are on the rise again. Applications had been down for some time and hurting a lot of people in the mortgage industry. I read today on CNNMoney that mortgage applications have been on the rise for the third consecutive week.  This did include refinances and I would not have expected anything less. When the rates were high the applications stopped, but that did not mean people were not waiting to see if they would soon go down. Seems as if the rates have reached an acceptable level for people to begin purchasing homes again. I expect that we will hear there will be more refinances based on the amount of people that initially secured their first home with an ARM. What do you think?

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