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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (42756)	12/14/2005 1:10:09 PM
From: maceng2	Read Replies (1) \| Respond to of 116555

Perhaps. But it was cold, dark and raining at the time. Even the chance to get some warmth and/or get dry was a temptation. If I had gone into any of those places I would be speaking to you now in Dutch or French. Dutch probably -g-

To: Jim McMannis who wrote (42756)	12/14/2005 2:07:56 PM
From: mishedlo	Respond to of 116555

Mortgage applications continue declining pattern Wednesday, December 14, 2005 12:15:13 PM afxpress.com WASHINGTON (AFX) -- The volume of mortgage applications dropped 5.7% in the week ended Dec. 9 compared to the previous week, data from the Mortgage Bankers Association show. Also on a seasonally adjusted basis, applications for mortgages to buy homes skidded 3.5%, while refinancings fell 9.7% on a week-to-week basis. Refinancings accounted for 40.2% of total applications, off from the previous week's 41.0%, while adjustable-rate mortgages nosed up 33.5% from 33.1%. Average contract interest rates for 30- and 15-year fixed-rate mortgages slipped last week to 6.28% and 5.83%, respectively, from 6.32% and 5.84% a week earlier, the MBA said. The rate on one-year ARMs averaged 5.50%, up from 5.49%. Overall, the four-week moving average tracking applications activity in the mortgage market was off 1.5%