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Loan Modification

: Mortgage Lender Implode-o-Meter

The Worst Housing Indicator In The World

By Implode-Explode Heavy Industries

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"Purchase mortgage applications remain buried near record lows, a condition that has persisted for 5 months. That means that housing sales data over the next two months will continue to be terrible. And in spite of what you heard from the media, the data reported this week was all negative. Prices were down 1% in October and are down 5.7% since June, and demand is worse than ever."

Full post as published by Mortgage Lender Implode-o-Meter on October 31, 2010 (boomark / email).

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