July 16, 2024

real estate green shoots
real estate green shoots

Are those green shoots I see for the real estate market or a withering vine? The Mortgage Bankers Association (MBA),in a recently released report showed mortgage applications fell to a seven-month low for the week ending June 26, 2009.

The seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, fell 18.9% to 444.8, the lowest level since November 21, 2008.

The index of refinancing applications decreased 30.0% to 1,482.2, also the lowest since November 21, but was up 16.8% year-over-year.

San Diego real estate market

4 thoughts on “Real Estate Market – Mortgage Applications Hit 7 Mo. Low

  1. I’m confident that there is a silver lining in all of this. I envision that one day in the near future, we will encounter nothing but smooth transactions without all of the “mortgage drama” ….”Lender abuse”…and the old-fashioned “bait and switch” so rampant in the 1990s and early 2000s. Thank God!

    Hoodia Diets

  2. Our economic condition was caused by lack of regulation, politicians, Greenspan, or any other government entity. It was caused by people taking out mortgages that they are not repaying. Derivatives were only risky investments if borrowers defaulted on their loans. Bank funds only dry up if people default on their loans. Look up and down your neighborhood streets to find the culprits responsible for the economic catastrophy.

    San Diego California real estate agent

  3. Much is said now about the state of the real estate market, the recent audacity by the fed chair, and how our dollar is being trampled on by the feds. Much is said about the lack of equity in homes and the lack of liquidity from the few available buyers out there. The economy is dead; all these foreclosures are ruining the state.

    Houston attorneys

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