The Mortgage Bankers Association is reporting that mortgage applications have climed out of a 7 month low last week. Is this a sign that the housing collapse is starting to stabilize? Perhaps. Maybe it is that folks are realizing that the fantastic mortgage rates we have right now will not last forever. In any event, the fact the more and more people are applying for mortgages is a good thing. Let’s hope the trend continues next week. By the way, if you haven’t heard, mortgage interest rates are great today. If you are thinking about buying or refinancing your home, now is a great time to act.
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