MBA Mortgage Applications

MBA Mortgage Applications:

Composite Index: -1.2% vs. -3.5% last week.

Purchase Index: +1.0% vs. -3.0% last week.

Refinance Index: -8.0% vs. -8.0% last week.

Comments (6)
  • permanent
    , contributor
    Comments (446) | Send Message
    Surprised? Housing is not cheap:
    and incomes are not going up.
    2 Apr 2014, 07:26 AM Reply Like
  • june1234
    , contributor
    Comments (4252) | Send Message
    17million people added to population since 08 and mortgage app purchase index sitting where it was in 1998.
    2 Apr 2014, 08:18 AM Reply Like
  • Ohrama
    , contributor
    Comments (568) | Send Message
    When we look at the figure, we can see the Greenspan easy money / tech bubble / irrational exuberance that started around 1994 and went bust by 2010. The Bernanke give aways saved us a little bit I suppose. When it's effect stops we will reach the equilibrium, much lower. This country has over built in terms of everything (numbers, sq. ft per person etc.) whereas the technological revolution is changing the whole paradigm. Think what will happen if we were to or forced to convert some of the mega malls and the airports (my town CVG airport is a prime example) into living quarters!
    2 Apr 2014, 08:29 AM Reply Like
  • june1234
    , contributor
    Comments (4252) | Send Message
    All the money printing in the world cant reverse the effects of outsourcing jobs overseas (2.2 million in 2011 alone) and automation.
    2 Apr 2014, 08:34 AM Reply Like
  • Eric Rickard
    , contributor
    Comments (7) | Send Message
    Harsh weather across the country has slowed home buying as well. Expecting a solid run up through the summer.
    2 Apr 2014, 10:26 AM Reply Like
  • Matthew Davis
    , contributor
    Comments (4723) | Send Message
    Home buyers are by opportunists, not families who are looking to place roots. Look at these new REITs popping up that are apartment and house renting equity REITs, do you think corporate America will sit by and watch beautiful homes languish? Of course not, there is a few nickels to be made here.


    I just got screwed out of a loan for a condo because the new January rules stated they must have 10% allocated for reserves. Well this association does assessments instead of jacking up the monthly dues. Not good enough...thanks to my federal government...really screwed me over, thanks guys!


    Meanwhile, corporate condo rentals springing up all around me, because I call about them...they are corporate!
    2 Apr 2014, 11:31 AM Reply Like
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