RE and economic charts: U.S. MBA Mortgage Applications Index Increased 13% Last Week + US home refinancing demand at highest in 15 months

Saturday, August 21, 2010

U.S. MBA Mortgage Applications Index Increased 13% Last Week + US home refinancing demand at highest in 15 months

[mEDITate-OR:
recognize an interregnum when you are in one...

10yr TBills are selling higher, and their yield are as low as many of U.S. have seen in our lifetimes...
RE mortgage interest rates are LOW..., and many fall even lower.

But, while most of U.S. probably should - morally, economically, legally and financially - REFI any and all of our RE debts, most of U.S. will not be allowed to do it. Sad, but true.

This week in Phoenix we finally see a recognition that housing prices are taking a second dip, and that job growth might take a decade, or more, to get anywhere near the peak levels.

"They" say that it mcCaint be over until the Fat Lady sings...
However, being out of work, and loosing all that weight, she might not be as fat as she once was.

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