Mortgage Applications Rise for Condos Again

"Skyrocketed" is how CNN is describing the level of new mortgage applications made in the last couple weeks. 

Citing seasonal volatility and dropping interest rates (as noted in a January 14 posting on this blog), CNN is reporting that applications are up a whopping 28.4%  for the week ending Jan. 11, 2008. It is the second consecutive week of increased application activity.

Read the entire CNN story here.