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Mortgage application volume up
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Last week the overall volume of mortgage applications rose by 2.2 percent as
compared to the previous week according to the Mortgage Bankers Association.
The industry giant's index of home loan applicants climbed for the week
ending August 12th to 761.3. The previous week's numbers showed index volume to
be 745.
Overall, home loan application volume is up 10.6 percent as compared to the
same time last year. Staying congruent with application volume increases
are home value gains across the U.S.A. over the past 12 months.
Many believe that overvalued homes across USA, particularly in metropolitan
areas, is leading toward a housing bubble. This theory, however, is argued by
many experts, as the real estate market continues to appear healthy on an
economic level. - Article by
Nolan Voight for CMR
original Syndicated News.
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