A Title Insurance Agency

33 E. Front St., Monroe, MI, 48161 • Phone: (734) 242-9393

Pop in Mortgage Applications Implies a Rebound for Home Sales

Posted on October 3rd, 2010

After plummeting with the expiration of the home buyer credit in April, home sales might be gaining steam. For the second straight week the Mortgage Bankers Association reports an increase in applications for purchases. And during the most recent week, ending October 1st, they rose by an impressive 9.3%. That’s the biggest increase since the last week in April — when Americans were rushing to take advantage of the credit.

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