Washington, DC Homes along the Red Line

Homes, Townhomes, Condos, Co-ops along the Red Line - Mary Lowry Smith
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Mary Lowry Smith

Rose Tinted Glasses, or is the market starting to thaw?

It does seem that the market is showing increasing activity with more buyers deciding now really may be a great time to buy. Read the following and see if you agree. 

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 6, 2009.  The Market Composite Index, a measure of mortgage loan application volume, was 723.4, an increase of 11.3 percent on a seasonally adjusted basis from 649.7 one week earlier.  On an unadjusted basis, the Index increased 11.6 percent compared with the previous week and 5.7 percent compared with the same week one year earlier. (from the Mortgage Bankers Association website)

Published Friday, March 13, 2009 3:29 PM by Mary Lowry Smith
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