Mortgage Purchase Applications at 15 Year Low

Posted August 24, 2011

US Mortgage Purchase Applications Fell to a 15 Year Low and economic uncertainty resurfaces.

“Another week of volatile markets and rampant uncertainty regarding the economy kept prospective home buyers on the sidelines, with purchase applications falling to a 15-year low,” Mike Fratantoni, MBA’s vice president of research and economics, said in a statement.

CNBC – US Residential Purchase Applications at 15 Year Low

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