Economy

xchrom

(108,903 posts)

34. Mortgage Applications Have Been Collapsing Again

Wed Mar 21, 2012, 08:14 AM

Mar 2012

http://www.businessinsider.com/mortgage-applications-collapse-2012-3

Some bad housing news:

According to the Mortgage Bankers Association, mortgage applications fell 7.4% last week. That's worse than a 2.4% decline in the week before.

And in the weeks before that we had declines of 1.2% and 0.3%, so we're talking about four straight weeks of worsening numbers.

This number had been improving a bit closer to the beginning of the year, but is looking pretty saggy lately.

Refinancing applications lead the way down, falling 9.3%.

Read more: http://www.businessinsider.com/mortgage-applications-collapse-2012-3#ixzz1pkjw1VIq

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