Read about my passion for mortgage loans
Applications increased 25. 6 percent from the week prior and the level of activity has not been this high since June 2003. There have been so many applications for mortgage refinancing that some analysts in the housing sector say that it is causing a tiny boom in real estate. It would be a larger one, they say, if new lending practices were not so tight and values were not so low. Some homeowners no longer have enough equity to qualify for mortgage refinancing, due to lower home values.