DailyMarkets.com - US Mortgage Applications Decrease With Highest Yearly Home Price Increase

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US Mortgage Applications Decrease With Highest Yearly Home Price Increase Posted: 02 Aug 2013 06:34 AM PDT This week mortgage applications decreased by 3.7% compared to the previous week. This steady decrease of mortgage applications we've seen recently might be partly because of the huge increase of home prices we have seen in the previous months. In May, home prices rose 12.2% compared to a year earlier, the highest yearly increase in home prices since March 2006. The good news about this home price increase is that homes increase their value, which is excellent for homeowners trying to sell … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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