Market Update: Mortgage Applications See Strong Growth

This morning’s MBA Weekly Mortgage Applications Survey reported that mortgage applications rose 14.8% last week. Quicken Loans Chief Economist Bob Walters offers the following comments on the report:

“Mortgage applications rebounded after three weeks of declines. With low housing inventories, home prices are seeing a modest boost and are spending less time on the market. All of these indicators point to a healing housing market.”

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