The Mortgage Bankers Association’s Weekly Mortgage Applications Survey reported that mortgage applications rebounded 7.7% last week. Quicken Loans Chief Economist Bob Walters offers the following comments on the report:
“The rebound in mortgage applications is a small piece of a brighter housing outlook. Interest rates are still at record lows despite their upward trend, and consumers are taking advantage of record home affordability. Look for more buyers to enter the market this spring and a more robust housing recovery to occur.”
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