Demand for loans to purchase U.S. homes sank to a 13-year low last week, and refinancing demand also slid despite near record-low mortgage rates, the Mortgage Bankers Association said on Wednesday.
Requests for loans to buy homes dropped 3.1 percent in the week ended July 9, after adjusting for the Independence Day holiday, to the lowest level since December 1996, the industry group said.
Refinancing applications fell 2.9 percent, and the mortgage market index that reflects total loan demand also fell 2.9 percent.
Answer by mancosmomma at 2:13 PM on Jul. 15, 2010
Answer by CAGirl4 at 2:01 PM on Jul. 15, 2010
Answer by LoriKeet at 2:37 PM on Jul. 15, 2010
Answer by LoriKeet at 2:46 PM on Jul. 15, 2010
Answer by NotPanicking at 3:39 PM on Jul. 15, 2010
Guess what, the jobs they created were counted towards the stimulus... EVERY one of them.. While the jobs lost were not... That's the fuzzy political math I am sick OF! *** If you were ALREADY employed by a company or organization that received stimulus money, your job was counted as "saved or created" even if your job was not in jeopardy! Fuzzy math is right! How many ways can they spin this crap?! Zero, multiplied or divided, by zero, no matter how you slice it is still ZERO!!
Answer by LoriKeet at 2:51 PM on Jul. 15, 2010
Answer by LoriKeet at 2:53 PM on Jul. 15, 2010
Talk about positive energy!!! And 2 1/2 years to go!! (sarcasm)
"Joe Biden gave a stark assessment of the economy today, telling an audience of supporters, "there's no possibility to restore 8 million jobs lost in the Great Recession."
So that's it?! They're just gonna throw in the towel? "Hey, we tried?!"
Answer by LoriKeet at 2:59 PM on Jul. 15, 2010
Answer by gertie41 at 2:11 PM on Jul. 15, 2010
Answer by lovinangels at 2:38 PM on Jul. 15, 2010