The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: LLCF who wrote (29176)	3/23/2005 7:53:47 AM
From: russwinter	Read Replies (2) of 110194

Refi down, but barely a down tick in the purchase index. Mortgage applications fell for the fifth time in six weeks; the popular mortgage gauge fell 9.5%, moving to 658.8 from 727.6, according to the Mortgage Bankers Association. Average 30-year rates increased to 5.95% from 5.91%, highest since last week in July. 15-year adjustable rate rose to 5.49% from 5.47%. The purchases index fell 3.5% to 446.4 last week. The refinancing index fell 16.5% 1894.4; the refinancing gauge has dropped 81% from its all time high reached in May 2003.

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