Mortgage Application are on the rise. The Mortgage Bankers Association released their weekly mortgage data and mortgage applications jumped 21.7%. Applications to purchase a home increased by 2% and are now up 10% over the last twelve months. Refinance applications rose 37% and are up, incredibly, by almost 200% over the last twelve months!
As you can see, many consumers are taking advantage of the current market conditions by purchasing or refinancing their homes.
If you haven’t taken advantage of rates yet, this is the time! Many forecasts are looking for national home value appreciation levels to be around 5% over the next twelve months. Strong appreciation and low interest rates are the secrete elixir to create wealth.
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Source:https://bit.ly/2VKHPz3
By: Jon Iacono