Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kern who wrote (60038)	8/16/2006 7:26:16 AM
From: Dan3	Read Replies (1) \| Respond to of 306849

Those mortgage numbers are a little scary. Purchases aren't down much, but the fact that refinancings are rising during a period when that means trading in a low rate for a higher rate means a significant number of households must be getting pinched pretty badly (why would you trade in a low rate for a high one unless you desperately needed to pull equity out of your home to meet current expenses?).