CNBC.com Article: No Housing Recovery Without Private Label Mortgage Investors
Despite the lowest interest rate on the 30 year fixed in six months, mortgage applications to purchase a new home fell last week, over 3 percent. In fact, purchase application volume has been falling, on average, for the past four weeks, which is particularly troubling in this, the supposedly busiest season of the year for home buying.
Full Story:
http://www.cnbc.com/id/43080476
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