Seeking Alpha

MBA Mortgage Applications:

  • MBA Mortgage Applications:
  • Composite Index: -5.9% vs. -3.3% last week.
  • Purchase Index:   -4.0% vs. -3.0% last week.
  • Refinance Index:  -7.0% vs. -4.0% last week.
Comments (5)
  • Sam the 21st
    , contributor
    Comments (2) | Send Message
    I don't get it. Mortgage applications are declining yet home prices continue to fly high while bidding wars are happening across the nation?!! What Am I missing?
    30 Apr 2014, 08:15 AM Reply Like
  • june1234
    , contributor
    Comments (3114) | Send Message
    That April weather again.
    30 Apr 2014, 08:15 AM Reply Like
  • bbro
    , contributor
    Comments (10259) | Send Message
    No recession starting in this year....
    30 Apr 2014, 08:23 AM Reply Like
  • metalhead
    , contributor
    Comments (95) | Send Message
    Home price indices are notoriously lagging indicators. Those bidding wars are probably local phenomena being waged by greater fools attempting to outbid mere garden variety fools.
    30 Apr 2014, 09:29 AM Reply Like
  • The Last Boomer
    , contributor
    Comments (988) | Send Message
    When the turnaround in housing began, sales picked up first, prices followed. Prices are very backward looking. The drop in mortgage applications is palpable. I was able to get yesterday financing (30-year fixed) below 4%. The lenders were falling over each other to offer better rates. The seller was also willing to make concessions, and this in the red hot DC area. As a buyer, I liked it. As an investor in real estate stock, not so much.
    30 Apr 2014, 09:35 AM Reply Like
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