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Mortgage Applications Hit Five-Month Low

By
Real Estate Agent with Buyers Brokers Only, LLC

The Mortgage Bankers Association's weekly survey revealed that U.S. mortgage applications fell 0.3 percent from the previous week, reaching a five-month low, the Washington Post reported August 1, 2007.

"Applications to buy homes are unlikely to jump much any time soon, and loan approval could get even tougher, several analysts said."

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Thomas Weiss
Thomas R. Weiss - West Palm Beach, FL

More, great new for us, I will expect it only to get worse before it gets better....

Tom Weiss

Aug 04, 2007 02:26 AM
Candy Henthorne
Results Realty - Spring, TX
Spring Texas Real Estate
I hope it starts turning around soon.  Thanks for the post and keep us updated.
Aug 04, 2007 02:46 AM
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production
I hear that the 4th quarter is to be the worst in years.  Further, MBA say that the turn around won't happen until 2009.
Aug 04, 2007 02:54 AM