If Two Basis Points Can Do This, Imagine What Four Might Do

By |2014-06-18T11:58:16-04:00June 18th, 2014|Economy, Federal Reserve/Monetary Policy, Markets, Real Estate|

In addition to continued retrenchment in housing construction (and likely sales as we will see next week) mortgage applications absolutely plunged again this week. According to the latest estimates from the Mortgage Bankers Association, their application index fell 9.2% from the prior week. That’s a pretty large drop reminiscent of the worst financial days last fall. Refis, as has been [...]