Tuesday, July 30, 2013

Clearly, Bernanke is going to taper.

Who are you going to believe? Me, or your lying eyes.

Thu, 2013-07-25 - Mortgage Applications decreased 2.6 from one week earlier.
Wed, 2013-07-24 - Mortgage Applications see 1.2% weekly drop.
Wed, 2013-07-17 - Mortgage Applications decreased 2.6% from week earlier.
Wed, 2013-07-10 - Mortgage Applications drop 4% from last week.
Wed, 2013-07-03 - Mortgage Applications drop 11.7% from week earlier.
Wed, 2013-06-26 - Refi Volume drops to lowest level in two years. Down 3.3%.
Wed, 2013-06-12 - Apps jump 5% despite rise in rates.
Wed, 2013-06-05 - Rise in Rates result in 11.5% drop in apps.
Wed, 2013-05-29 - Refi apps see largest single week drop in 2013. 8.8% drop.
Wed, 2013-05-22 - Mortgage apps take near 10% weekly nose dive. 9.8% drop.
Wed, 2013-05-15 - Mortgage applications decreased 7.3%
Wed, 2013-05-08 - 7% weekly rise in mortgage apps.

10 weeks of declining mortgage applications. Almost solidly. And just FYI, mortgage rates have risen slightly since the Detroit bankruptcy. It makes rates higher for everyone. That is what happens when you are a deadbeat.

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