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Oct 4
Mortgage Bankers Association Applications Index Raise
There has been all this hub bub about home applications being low, well according to Mortgage Bankers Association's index, their applications to buy a home or refinance an existing loan increased 11.9 percent. That seems pretty significant since everything had declined previously. When the interest rates were up it did not seem that home ownership was even affordable. Now with the market being the way it is, prices are declining and builders are giving a lot of incentives to get buyers which does in turn help houses become affordable, there should be an increase in housing applications. I caution people still to make sure they are purchasing what they can afford, with a mortgage they can handle and not go over board.

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