CNBC's Diana Olick looks at today's mortgage application numbers. A drop in the rate of the 30-year fixed sent mortgage apps higher, she reports.
After improving in 2011, foreclosures ramped up again in 2012, and will likely continue to rise as banks clear out backlogs of distressed loans. More than half of the top 200 U.S. housing markets saw foreclosure numbers rise, according to a new report from RealtyTrac, reports CNBC's Diana Olick.