I hope everyone has a great weekend. We have 2 Halloween parties to attend as a family this weekend, so I will be spending a lot of time dressed as Tic-Toc, the alligator from Peter Pan.
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On the mortgage side of the equation, this increase is very good news. Although it is only one month and August's number was revised downward, it tells me that the housing industry may be in better shape than we have been led to believe.
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I'm sure this is something that was not a surprise to anyone. Everything I read, see, or hear about housing is doom and gloom. Certainly housing is taking a beating, and part of the problem is due to borrowers being sold loans that were not in their best financial interest.
I am surprised that people aren't buying homes, especially since everyone needs a place to live and there are some very good values out there. In my opinionm, housing is one of the biggest drivers of our economy. The more homes that are sold, the more work there is throughout the economy. I guess what I'm trying to say is, "It's time to buy a home."
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Have a great weekend!
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