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Loan Modification

: Mortgage Lender Implode-o-Meter

Failure to Stimulate, Failure to Suppress

By Implode-Explode Heavy Industries

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``Purchase mortgage applications dropped to near record lows last week as government programs to suppress mortgage rates first failed to stimulate demand, and now seem to be failing to suppress rates. Zillow sales volume data now confirms that this September was by far the worst September since the housing collapse began. ''

Full post as published by Mortgage Lender Implode-o-Meter on November 17, 2010 (boomark / email).

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