Death Valley: Mortgage Purchase Applications Drop 1.56% From Previous Week, Down 16% From Last Year (No Recovery)

Think the economy is rebounding? Think again! Housing and construction are the two driving wheels in the force of the economy – and Wall Street destroyed them along with the union / pension funds. Investors are not going to return until there are significant assurances that regulations are reinstated (Glass Steagall) and that they will be enforced. Until then folks – watch the decline. Thanks Neva for the heads up.

One thought on “Death Valley: Mortgage Purchase Applications Drop 1.56% From Previous Week, Down 16% From Last Year (No Recovery)

  1. They scramble, and become very creative, to find numbers they can falsely hold up as positive and important, all while trying to cover up the numbers they want us NOT look at.

    I put better spin on golf balls.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s