Residential Mortgage Application Volumes Continue to Slide in U.S. in Mid-December + U.S. Consumer Credit Default Rates Increase in November; Mortgages Leading All Categories

[mEDITate-OR:
not wonder why it looks so bad
when "They" say that every thing is looking up, again, to them.
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The Refinance Index decreased 24.6 percent from the previous week.
The Refinance Index has declined six straight weeks and is at its lowest level since the week ending April 30, 2010.
The seasonally adjusted Purchase Index decreased 2.5 percent from one week earlier.
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The four-week moving average of the purchase index is at about the levels of 1997
- and about 17% below the levels of April this year
 - suggesting weak existing home sales through January 2011.
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Residential Mortgage Application Volumes Continue to Slide in U.S. in Mid-December
http://www.realestatechannel.com/us-markets/residential-real-estate-1/mortgage-bankers-association-mba-weekly-mortgage-applications-survey-market-composite-index-mortgage-loan-application-volume-mortgage-rates-rising-interest-rates-3651.php
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U.S. Consumer Credit Default Rates Increase in November
Mortgages Leading All Categories
http://www.realestatechannel.com/us-markets/residential-real-estate-1/home-affordable-refinance-program-harp-home-affordable-modification-program-hamp-modified-loans-loan-default-rates-freddie-mac-fannie-mae-3646.php
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MBA: Mortgage Refinance activity declines sharply
http://www.calculatedriskblog.com/2010/12/mba-mortgage-refinance-activity.html
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