Mortgage applications to purchase a home rose 9% from last week. This marks the sixth consecutive week home mortgage loan applications have risen. Since the beginning of April, the total number of mortgage loan application numbers have risen 54% marking a strong recovery in the mortgage market. Along with the rise in mortgage applications, a housing location preference shift may also be in play. Some analysts believe the market may move from small downtown apartments to more suburban markets with room for backyards and home offices.
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