Wednesday, October 26, 2005

Mortgage Application at 6 month Lows.

The MBA has reported that mortgage applications have hit a 6 month low. All this with still very low interest rates. This is more of a leading indicator than home sales. So one can logically conclude that home sales figures will decrease roughly by the same amount in the data that comes out over the next few months.

Mortgage Applications at 6 Month Lows


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