MBA Application Survey – Jan 04 = Mortgage applications slide at end of December = 9.6 percent drop in purchase & 2.5 percent decline in refinancing

[mEDITate-OR:
not see the rush at the end of the year in two directions.
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While the Y2Y numbers are up, as are most RE sales figures
the last two weeks collapsed
What now, brown cow?
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a 9.6 percent drop in purchase loan requests

and

a 2.5 percent decline in refinancing requests

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However:
Overall, mortgage loan application volume was 39 percent higher in the last two weeks of last year than during the same period of 2010, on a seasonally adjusted basis.
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Reading Rates: MBA Application Survey – January 04 2012
http://paper-money.blogspot.com/2012/01/reading-rates-mba-application-survey.html
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Mortgage applications slide at end of December
http://www.chicagotribune.com/business/breaking/chi-mortgage-applications-slide-at-end-of-december-20120104,0,4766213.story
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