| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
The NEW Dust Bowl: Mortgage Purchase Applications Fall 9 Percent From Previous Week (Where Is The Recovery?)
wallstreetexaminer.com / by Anthony B. Sanders, Courtesy of Confounded Interest •
The mortgage market (and middle class) are stuck in the NEW Dust Bowl with stagnant wage growth and stagnant mortgage purchase applications.
Mortgage applications decreased 9.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 6, 2015.
The n0n-seasonally adjusted Purchase Index decreased 0.5 percent from one week earlier. In other words, no change from the purchase application drought from last year. This is the NEW Dust Bowl.
The post The NEW Dust Bowl: Mortgage Purchase Applications Fall 9 Percent From Previous Week (Where Is The Recovery?) appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/02/11/the-new-dust-bowl-mortgage-purchase-applications-fall-9-percent-from-previous-week-where-is-the-recovery/
