It has been a tough couple of years for the American housing market, and we’re finally beginning to see the light at the end of the tunnel. It seems that more and more families are becoming optimistic about their financial futures, leading to an increase in the number of mortgage applications that have been filed recently.
According to Fox Business, last week saw a 2.6% rise in the number of mortgage applications that Americans filed. Mortgage rates continued to decline as well, encouraging families to take the step forward and submit their applications to obtain a home loan.