Report: Mortgage Applications Spike as Home Prices Rise
David Blitzer reported via CNBC on Thursday that mortgage applications are on the rise due to the threat of a spike in home prices.
“People want to buy before the price gets away from them,” Blizter said.
Interest rates, meanwhile, haven’t played much of a factor in this scenario since they have remained relatively steady – and low – for the last couple of years.
Image via flickr/Jeff Djevdet