Mortgages Wasting Away In Bidenville! Mortgage Demand (Applications) Down 14% Since Last Year

#bubble, #inflation, Bank of Japan, Banking, CMBS, CRE, Credit, Cryptocurrencies, ECB, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Housing, Inflation, Mortgage, Natural Gas, New Home Sales, Powell, REITs, Silver, SPX, Stocks, Treasuries, Treasury, Uncategorized, Wages, Yellen, Yield Curve 1 Minute

The economy under Biden has been a disaster for the mortgage industry. But for the top 1%, it’s been a party! (Bidenville Saturday Night!)

Mortgage applications increased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 10, 2024.

The Market Composite Index, a measure of mortgage loan application volume, increased 0.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 0.3 percent compared with the previous week.  The seasonally adjusted Purchase Index decreased 2 percent from one week earlier. The unadjusted Purchase Index decreased 2 percent compared with the previous week and was 14 percent lower than the same week one year ago.

The Refinance Index increased 5 percent from the previous week and was 7 percent higher than the same week one year ago.

“13 will get you 20” … unless you are a Biden,

Unknown's avatar

Published by confoundedinterest17

Published