Mortgage Applications Continue To Slump

April 14, 2011 by  
Filed under Short Sale/Loan Modification Blog

Mortgage Applications Continue To Slump

The amount of home buyers and refinancers who applied for mortgages this week was recorded at two percent less then the amount who applied the week before.  This is concerning considering   the spring real estate market has just began, and the numbers of applications for mortgages were thought to increase.  

Though the number of home purchasers has risen recently by nearly seven percent, the amount of people refinancing has dropped over six percent.  Though it seems like a turnaround when you consider those numbers, keep in mind that the these percentages reflect the same numbers from the 1997 levels…which isn’t saying much.  


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Housing Assist Coldwellbanker