Housing Market Showing Signs Of Healing

With more Americans taking advantage of the record low interest rates by refinancing existing homes or applying for new home loans, families are making payments.  2 major banks reported earnings that are reflecting a housing market that is “healing”.

The largest bank in the U.S, JP Morgan Chase, reported record breaking new loans in the first quarter of 2012.  6% more loans than last year, with 33% more applications received.    Wells Fargo approved 54% more home loans than last year and received 84% more applications!

The future is bright for the US housing market!  Welcome news after the last several years.

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