As the following article explains, record low borrowing rates continue to stimulate home sales, which is proving to be beneficial to the housing market as unemployment rates remain less than optimal. In response, mortgage firms are hiring new staff in order to accommodate the drastic increase in sales.
Mortgage firms betting on continued recovery
Wells Fargo Home Mortgage and other lenders increasing their staffs as home sales and values increase.
“DES MOINES, Iowa — Mortgage companies are betting that the nascent housing recovery of 2012 has legs by beefing up their staffs to accommodate the continued expansion in lending, sales and construction that many economists forecast this year…”