Again. Mortgage apps for both refinances and new home purchases rose again. A couple of weeks going here. It is almost a run for those of us who have been waiting for this to happen. The refi apps moved up for a second straight week, while the new home apps climbed for a fourth straight week. Nice.
According to industry insiders, the only players missing from this market are the move-up buyers. From what I read, this will totally stabilize the market, once they are back in. We will see what happens as we move into fall and winter.