US Mortgage Applications Dropped 2.4% WoW, Purchase Applications 16% Lower YoY (NOT The Guns Of August)
by confoundedinterest17 Even though home prices are skyrocketing (Case-Shiller 20 up 19% YoY in June), mortgage purchase applications are not growing at the speed of home price growth. Some of it is the rise in the S&P 500 and other stock …