The Purchase index is somewhat above the recent lows, but the big story is the Refinance index - refinance activity is up sharply as mortgage rates declined.
CR, is there a reason you don't plot the Refinance Index as well? It seems worthy of a graph.
Valid question, but refinancings as a result of Fed policy remains the number one economic program for consumers. Which isn't saying much. Jeez, super quick pig!
recent credit quality for refi applicants is down significantly. and for those that are qualifying, well, you hold your breath until the appraisal comes in.
Uno!
But how many apps were approved and funded is the question.
dos
The coyote choir is warming up in the near distance, sounds like about 30 of em'...
Agreed how many funded, and the bigger question is, what are the appraisals coming in at and what are the comps....maybe to many logical questions..
The Purchase index is somewhat above the recent lows, but the big story is the Refinance index - refinance activity is up sharply as mortgage rates declined.
CR, is there a reason you don't plot the Refinance Index as well? It seems worthy of a graph.
so what are they counting? apps started? apps approved and funded (which seems to me like the only thing worthwhile to count)
homegnome
if rains today in sc then and only then are you supposed to get the 40 days of rain.
c.
hopefully nz will calm down
Oh man, they're taking the market now.....
(which seems to me like the only thing worthwhile to count)
Don't confuse "worthwhile to count" with "whatever looks good".
Glad that last thread went to bed...
When Wagner's talents have to defended against the likes of a demolition derby director of desperately awful films, sleep comes easy.
eric
hits forehead, oh yes i forgot the new way whatever looks good
do the x-box traders read anything but headlines?
INTC: Earnings inclusive of charges from a $1.45B European antitrust fine in Q2 came in at -$0.07 per share, Intel's first quarterly loss since 1986.
do the x-box traders read anything but headlines?
You're allowed t exclude 25 stdev events. I mean, what are the chances of getting sued again, and losing?
See you a little later today.
I've got yard/ garden work to do this morning and I think the adults are starting to show up.
laters all
Document passages are in italics.
Valid question, but refinancings as a result of Fed policy remains the number one economic program for consumers. Which isn't saying much. Jeez, super quick pig!
Price goes down, number of buyers goes up... who'd have thunk?
recent credit quality for refi applicants is down significantly. and for those that are qualifying, well, you hold your breath until the appraisal comes in.