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Wednesday, September 16, 2009

Mortgage applications fell 8.6% last week: MBA

Just a news story today from Marketwatch titled:
"Mortgage applications fell 8.6% last week: MBA"

The volume of mortgage applications filed last week fell a seasonally adjusted 8.6% compared with the week before, the result of a drop in both applications to refinance an existing loan as well as those to purchase a home, the Mortgage Bankers Association reported Wednesday.

I'm shocked that with 250K people losing jobs a week, that housing mortgages are going down...shocked.

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