According to MSNBC, there has been a jump indemand for mortgages giving rise to hope that there will be an increase in home purchases over the spring and summer. This will help bring relief for the housing market as buyers take advantage of the attractive interest rates and decreased home values allowing them to purchase more than in the past.
http://www.msnbc.msn.com/id/30107144/
Quoting from the article:
"Overall mortgage applications last week were 72.4 percent above their year-ago level. The four-week moving average of mortgage applications, which smooths the volatile weekly figures, was up 13.3 percent."
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