Mortgage Applications Jump

"Mortgage applications increased dramatically last week as interest rates remained low, an industry group said Wednesday"  according to CNN Money.com "The Mortgage Bankers Association said its index of mortgage application volume rose 16.4% last week versus the previous week. according to CNN Money.com"The surge in activity came as rates on 30-year fixed rate mortgages, the most widely used loan, remained below 5% for the third week in a row."  Maureen