Mortgage Applications Are On The Rise

Kerri Panchuck has written an interesting piece for Housing Wire about recent trends in the mortgage industry.

The article notes that mortgage applications rose 4.9% in October of 2011. It also breaks down several other very interesting statistics and trends that are taking place across the country. For instance, did you know that the average interest rate on a 30-year, FRM backed by the FHA fell to 4.11% from 4.12%, while the 15-year, FRM increased to 3.62% from 3.61%?

Read more by clicking HERE.