Mortgage Applications Down Again
Snip…
[The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week to December 16 fell 4.0 percent to 594.6 from 619.3 the week before.
The group's seasonally adjusted index of applications for mortgages to buy homes fell 5.2 percent to 453.1 from the previous week's 477.9.
The index is considered a timely gauge of U.S. home sales.
"Housing has passed its peak," said Robert Brusca, chief economist at Fact and Opinion Economics.]
More…
[The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week to December 16 fell 4.0 percent to 594.6 from 619.3 the week before.
The group's seasonally adjusted index of applications for mortgages to buy homes fell 5.2 percent to 453.1 from the previous week's 477.9.
The index is considered a timely gauge of U.S. home sales.
"Housing has passed its peak," said Robert Brusca, chief economist at Fact and Opinion Economics.]
More…
posted by Little_Silvered at 7:16 PM
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