Weekly Mortgage Applications Survey and the National Delinquency Survey: ‘ dictum factum’.

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Mortgage applications in the United States fell 4.9 percent in the week ending December 15th 2017, following a 2.3 percent drop in the previous period, data from the Mortgage Bankers Association showed. Applications to purchase a home shrank 5.5 percent and refinance applications declined 3.2 percent. The average fixed 30-year mortgage rate went down by 4bps 4.16 percent, the lowest in two months. Mortgage Applications in the United States averaged 0.45 percent from 2007 until 2017, reaching an all time high of 49.10 percent in January of 2015 and a record low of -38.80 percent in January of 2009. – Trading Economics 

COTW 12152017

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