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[8 Jan 2011 | One Comment | 1,324 views]
Purchase mortgages up slightly

Want a bit of good news from the real estate industry for a change?
According to the national Mortgage Bankers Association, people are starting to come back slowly to the housing market. It’s hard to do “apples to apples” comparisons these days thanks to increased sales activity from April 2008 through April 2010, but the association has reported a trend that is somewhat encouraging – purchase mortgages increased three of the four months prior to November.
Furthermore, the association predicts that purchase originations should increase to $615 billion this year from $473 …