We need to get this straight. I don't even care if it is TRUE! I want the national media to stop reporting good news. To me, it seems out of character for them and they are just out of practice. So I want them to STOP! NOW! please.
CNN reports;
MORTGAGE DEMAND JUMPS, BANKERS SAY.
Well what do you think about that?
A very interesting note in the article also states that the ARM share of activity increased. I'm not sure that I know what to make of that.
As a couple of throw ins they went on to mention that NAR said last week that pending sales of previously owned homes rose at their fastest pace in nearly 3 years in June. Hmmmm.
In what is now old news, they threw in a mention of Countrywide's 187 Billion Dollar stash.
This is worth repeating. Mortgage demand jumps! It's got such a nice sound to it I'm tempted to say it again, but I'll gather up some self restraint.
I like the sound of this so much I think I'll get myself all spiffed up and go out an see some Realtors. Maybe I'll even buy a new suit.
A word of caution though;
BEWARE of that pent up (buyers) demand.
It could cause a problem with your vacation plans and those weekends off, that some of you have been getting used to. Oh well.
Comments(21)