slump: Now That's A Happy New Year!
- 01/01/07 01:49 PM
That's the message in a Wall Street Journal article a couple of days ago. They took a look at the economy as a whole and came to the conclusion that the worst may be over. Here's what they found: Mortgage applications for purchases and refinancings have been growing steadily since last summer. This is an overall trend reported by the Mortgage Bankers Association which does a mortgage-application survey every week. As with any economic trend, you can't just look at what happened last week - you have to take the long view to understand trends. New home sales are picking up, and (4 comments)