David Kirkpatrick

October 22, 2008

Tough financial news …

Filed under: Business — Tags: , , , — David Kirkpatrick @ 3:21 pm

… all over the place, and in no surprise mortgages are at an eight-year low.

From the link:

Mortgage applications sink

An index that tracks the number of people applying for mortgages fell 16.6% last week to 408.1. That’s an eight-year low, according to the Mortgage Bankers Association.

 

“It’s getting harder to get a loan,” Patrick Newport, an economist at Global Insight, told Bloomberg News. “Sales will continue dropping for the rest of the year because of what’s happening in the credit markets.”

Applications to refinance existing mortgages were down 23.5% last week.

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: