Morning Minute: Mortgage applications climb nearly 15 percent

In what Quicken Loans economist Bob Walters called a sign of a healing housing market, the Mortgage Bankers Association reports that mortgage applications jumped 14.8 percent  last week. Read more from HousingWire.

“Mortgage applications rebounded after three weeks of declines. With low housing inventories, home prices are seeing a modest boost and are spending less time on the market,” Walters told HousingWire.

In other news:

Help for Underwater HomesWall Street Journal

Commercial demand for real estate growing locally – Bloomington Pantagraph

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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