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

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