MBA: Mortgage Purchase Application Index increased slightly

[mEDITate-OR:
believe that with few new RE listings, we must have reached "The Bottom"
once again...
unless you see that there are NO buyers.
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The purchase index is at about the same level as in 1996

and the 4-week average is at the lowest level this year.

This does not include cash buyers

but this suggests weaker home sales in November and December.

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MBA: Mortgage Purchase Application Index increased slightly
http://www.calculatedriskblog.com/2011/11/mba-mortgage-purchase-application-index.html
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Reading Rates: MBA Application Survey – November 02 2011
http://paper-money.blogspot.com/2011/11/reading-rates-mba-application-survey.html
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