Mortgage Applications Decrease in Latest MBA Weekly Survey
Holy cow. Look at how bad the mortgage application numbers are. This on top of continued unemployment does not signal a true recovery.
The Market Composite Index, a measure of mortgage loan application volume, decreased 13.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 22.4 percent compared with the previous week.
A decrease of 22.4%. Wow.
Is housing in trouble?
via Mortgage Applications Decrease in Latest MBA Weekly Survey.
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