Martin Weiss' Safe Money Report Home Store About Us FAQ Martin Weiss' Safe Money Report Make A Wish Martin Weiss' Safe Money Report Martin Weiss' Safe Money Report
Martin Weiss' Safe Money Report Current Issue and ArchivesRatingsInvesting BasicsSample Issue Martin Weiss' Safe Money Report
Daily News & Commentary    Login  help  contact us   New User Registration

> Welcome
> Daily News
> E-Services
> Subscribe

Future Mortgage Activity Is Gloomy
-- October 8, 2003

An index that measures the volume of US mortgage applications rose for the second week in a row last week -- but that's not a reason to start a party yet. In fact, last week's rise in the Mortgage Bankers Association application index to 817.3 from 707.2 in the prior week can't mask the negative trend. Take a look ...

As you can see from this chart, the overall trend in mortgage applications -- including both purchases and refinancings -- is clearly negative. In fact, since May 30, the index has tumbled a massive 56%!

So, even though mortgage rates inched back down a bit, there still isn't a huge reaction from homeowners who missed out previously. That tells us that most of the people who wanted to refinance or purchase a home did so already.

related article:
Home Loan Applications Rise

printer-friendly format  printer-friendly format

Archive of Daily Commentary: select a past article from the box below.

Return to Today's Commentary

Copyright © 2002 All Rights Reserved
privacy policy & cookies :: terms of use