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More on Mortgage Applications: Refinance applications fell 2% last week, while purchase...

More on Mortgage Applications: Refinance applications fell 2% last week, while purchase applications rose 2% to their highest level since June. Looking at a long-term chart of the Purchase Applications Index, it's hard to detect a ton of improvement since the depths of the housing bust. (see also)
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  • june1234
    , contributor
    Comments (3121) | Send Message
     
    I'm surprised, with no credit to buy a home in the US for the last 5 years how can that be? Come on now don't be a party pooper. We are in a recovery. A "rocking" housing recovery, term used by CNBC just last week. Just because Citi and Barclays have downgraded home builders doesn't mean a thing.Why just the other day the National Association of realtors whose brokers have for years now been buying up huge blocks of distressed properties(often renting them out to the people foreclosed on) said it's a great time to buy a house. And I believe everything they tell me.
    10 Oct 2012, 07:55 AM Reply Like
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