Mortgage Applications Plunge Further – Near 19 Year Lows

The past 5 weeks have seen mortgage applications crumble a further 16% – their biggest such drop in 14 months as the index for home purchase applications hovers close to its lowest level since 1995. Non-seasonally-adjusted, this is the worst start to a year in over a decade. Must be the weather?


Mortgage Applications dro close to 19 year lows…


Worst start to a year for at least a decade


Chart: Bloomberg


via Zero Hedge Tyler Durden

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