« Least Overprice Housing Market | Main | Higher gas prices bring lower mortgage rates »
August 31, 2005
Mortgage Applications Down
The pace of mortgage applications slowed for the second consecutive week even as mortgage rates fell in August, according to the latest report by the Mortgage Bankers Association. The data comes a week after the National Association of Realtors showed that existing home sales have slowed and the Commerce Department indicated that while new home sales jumped in July, the median sales price of new homes fell for the third straight month. The reports suggest there could be some cooling in the otherwise robust housing market. More on Money Magazine.
Posted by QiRealtyEditor at August 31, 2005 02:06 PM