7.3% Weekly Increase How's that possible, given that the total number of iPhone "app's" (applications) is (only) 250,000 or so?
That's the number of new mortgage applications last week -- the first time the weekly number has gone up in a month.
According to the Mortgage Bankers Association, that represents a 7.3% increase over the previous week.
If you do the math -- and I did, with assistance from Edina Mortgage's Steve Mohabir -- that works out to about 100,000 new mortgage applications nationally.
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