100,000 New App’s in a Week?!?

June 16, 2010
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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.
About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.
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