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Loan Modification

: Mortgage Lender Implode-o-Meter

Purchase Demand In Freefall. Housing Industry Unraveling

By Implode-Explode Heavy Industries

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""With another week of historically low mortgage rates, the trend from the prior three weeks continued, as refinance applications increased while purchase applications dropped. Purchase applications are now almost 40 percent below their level four weeks ago, while the refinance share, at 74 percent, is at its highest level since December," "

Full post as published by Mortgage Lender Implode-o-Meter on June 03, 2010 (boomark / email).

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