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Increase in Applications for Loans

Mortgage Lenders are witnessing an unprecedented increase in the number of applications for loans, thanks to the falling rates of interest during the last couple of weeks.

Many people are being hired by the lenders to handle such number of mortgage applications. However, the borrowers are still outnumbering the people who can handle their loan applications at many places.

The professionals in the field say they have not seen anything of this magnitude for the last 20 years in the business.

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