Wednesday, September 4, 2013

Mortgage Purchase Applications Decline While House Prices Skyrocket

As I mentioned in my Pew interview, this isn’t your mother’s housing recovery. Over stimulus by The Fed (low rate policies) and national homeownership policies encouraging lenders to expand credit backfired badly.
Want further articulation? According to the Mortgage Bankers Association (MBA) weekly mortgage application survey of lenders, mortgage applications rose 1.32% from the previous week.

http://confoundedinterest.wordpress.com/2013/09/04/oops-they-did-it-again-mortgage-purchase-applications-decline-while-house-prices-skyrocket/

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