Market Update: Mortgage applications rise by .2%

The Mortgage Bankers Association’s Weekly Mortgage Applications Survey reported that mortgage applications applications rose .2 percent last week. Quicken Loans Chief Economist Bob Walters offers the following comments on the report:

“Despite a housing market that is struggling for available inventory, the continued demand for homeownership is music to the economy’s ears. Better yet, many traditional buyers seem to be re-entering the market making for a stronger recovery.”

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