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Loan Modification
: Mortgage Lender Implode-o-MeterHousing Demand Crashes as Effects of Tax Credit Wane
By Implode-Explode Heavy Industries
"The Purchase Index for May from the Mortgage Bankers Association, hit its lowest level in more than a year. This marks a huge turnaround from earlier this spring, when demand for housing went through a mini-boom ignited by the expanded $8,000 homebuyer tax credit.
That mini-housing boom is over now, and we're just beginning to see how deep the mini-housing crash that follows is likely to be."
Full post as published by Mortgage Lender Implode-o-Meter on June 04, 2010 (boomark / email).
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