Wednesday, March 21, 2012

Mortgage Apps Fall; Bernanke Poo Poos a Gold Standard as Central Banks Buy More Gold; Prechter Wrong as Usual

Get those rates down NOW. Regular readers know of my skepticism of the housing recovery that’s supposed to come any day now. MBA mortgage apps collapsed 7.4%, 6th consecutive weekly drop; refis plunged 9.3%. This morning’s MBA numbers come a day after supposedly rosier building permit numbers. While certain markets may be seeing some...
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