Home Loan Applications Jump!

By
Real Estate Agent with Keller Williams

With all the stock market jitters about Fannie Mae, Freddie Mac and the U.S. mortgage system, you might have the impression that the real estate market is on the edge of some sort of cliff.

But that's wrong: Would you believe that new home loan applications jumped by a seasonally-adjusted seven and a half percent last week, according to the Mortgage Bankers of America's national survey! Applications to purchase homes using FHA loans surged by nearly 20 percent.

See the article Here

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Comments (2)

Crystal Corr
Keller Williams Greenville Central - Simpsonville, SC

That is great! It is a great time to buy a house if you have the means to do so! Buyer's market out there now!

Jul 20, 2008 12:49 AM
Greg Nino
RE/MAX Compass, formerly RE/MAX WHP - Houston, TX
Houston, Texas

Good - send the buyers my way!

Jul 20, 2008 02:53 AM