Relevant:
- Mortgage applications surge 5.8 percent, as rates briefly dip (BUT LID STILL ON HIGHER-RATE MARKET)
- Mortgage Applications Fall Even With Record Low Mortgage Rates
- Mortgage Rates Drop! It Does Not Mean What it Used to
- The Glut in the Mortgage Market: Self-Reinforced and Going Down
- Mortgage Rates Soar - Fed Better Buy More
2011-08-15 — ml-explode.com
``Last week mortgage applications rose a whopping 21.7% from the previous week... Great news for the industry to be sure. Great news for the housing market? Not so much, when you consider that the bulk of the applications are refinances, not purchases... Even if rates could go lower it would not have an impact on the housing market. There is no lack of money to lend, there is a lack of qualified borrowers. And that situation is not improving with time, it is getting worse. ''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.