We got word that mortgage applications are rising this week.  No big surprise considering the amount of applications lenders are turning down these days, people are probably having to put in 2 and 3 applications to find someone who is willing to lend to them.  Don’t forget that mortgage rates are still rising, along with the LIBOR rates (key for adjustable rate mortgages), and also home values continue to fall.  Good luck to you if you took the advice of our infamous real estate pusher a few months ago.