MBA Application Survey – Feb 15

[mEDITate-OR:
assume that all the PIIGS are equal
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the purchase application volume declined 8.4%
and
the refinance application increased 0.8% 
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as the next post shows U.S. the mortgage interest rates stayed at their all time lows...!!!
but, purchase apps declined by almost 10%
What's up with this?
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MBA Application Survey – Feb 15
http://paper-money.blogspot.com/2012/02/reading-rates-mba-application-survey_15.html
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