Mortgage application volume increased for the week ending APril 11th - by 2.5% This is good news for the struggling US mortgage industry Mortgage brokers and real estate agents alike have taken a rough beating in recent months. Nice to see them finally getting a breather with this positive news. Also positive is that mortgage refinance volume also increased - by a healthy 5.2%. With more mortgage applications and refinance applications, this is a positive sign.

Can the rally be sustained in the US? Wait and see.

Will the trouble in the US affect the Canadian mortgage and lending scene? Wait and see.