Thursday, November 21, 2013

Mortgage Applications Down Again

CNBC speculates that this may be the time to buy. 

Applications for U.S. home loans fell in the latest week, dropping for a third straight week, data from an industry group showed on Wednesday.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2.3 percent in the week ended Nov. 15. That number reflects an adjustment for the Veteran's Day holiday, the MBA said. On an unadjusted basis, the index fell 13 percent.
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