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Radio Free Wall Street
Posts Tagged ‘ Mortgage Applications ’
Mortgage Application Searches Fall To Record Lows
Google searches for "mortgage applications" plunged to a 5 year low in December.
View full report in Google Insights for Search
According to researchers at the NY Fed, " Recent academic research finds that Internet search data can forecast the c...
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Glimmers of Housing Hope In Mortgage Applications Data
Purchase mortgage applications rose 6.4% last week according to the Mortgage Bankers Association and major media outlets. As always, the media report only the seasonally adjusted data fed to them by the MBAA. Rarely should a week to week change have any seasonal effects, although last week would be an exception because the week...
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Did The NAR Lie About August Pending Home Sales?
Data released today by the Mortgage Bankers Ass. suggest that housing demand is again cratering. In the last week of September mortgage purchase applications were down about 12% versus the same week last year. This is similar to the difference at the end of August, when the drop was about 13%. Chart and data-...
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Investing In The New Industrial Revolution
Russ Winter of Winter Watch, Aaron Krowne of ML-Implode.com, and the Wall Street Examiner’s Lee Adler continue the discussion of the buying opportunities being set up by the market washout and Russ’s theory of the new industrial revolution. Russ sees bargains in Russia, but Lee wonders how safe it is to invest there. Lee...
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Housing Picture No Darker
The article is an excerpt from the Wall Street Examiner Professional Edition Housing Update for subscribers. Scroll to the end for the subscriber link to the complete report. Housing data for this month suggests that the usual seasonal uptick in prices has ended. Data is mixed as to whether the seasonal decline that normally...
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MBA: Mortgage Purchase Activity "near 15-year lows"
Wednesday, August 31, 2011
MBA: Mortgage Purchase Activity "near 15-year lows"
by CalculatedRisk on 8/31/2011 07:13:00 AM
The MBA reports: Mortgage Applications Decrease in Latest MBA Weekly Survey
The Refinance Index decreased 12.2 percent from the...
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Housing Time Bomb Goes Tick Tock Tick Tock
A couple of data points reported today marked a tick and a tock on the housing market clock. The Mortgage Bankers Association Mortgage Applications Index release was weak but not explosive. The FHFA (Federal Housing Finance Agency) monthly data on home sale prices was up, but meaningless. The FHFA data is after the fact price...
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Signs of Bust in the Boom
The Wall Street Examiner’s Lee Adler, Russ Winter of Winter Watch, and Aaron Krowne of the Mortgage Lender Implode-o-meter discuss the signs of a bust in the boom, and related issues in this week’s podcast, for subscribers only. Topics covered this week include: Signs of a bust in the inflation driven boom Half of...
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Alarming Housing Data
There’s a lot of new real estate data to report on since my last update, all of it bad, not in terms of the quality of the data, some of which is lousy, but in terms of the direction that the numbers are headed. Mortgage applications show that current demand is still in the...
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The Housing Recovery LIE – Professional Edition
The lagged data from the worst housing indicator in the world, Case Shiller, came out this week, following last week’s release of existing home sales closings in December. Also out this week, the Commerce Department’s Report on new home sales, and the NAR’s data on sales contracts. The Case Shiller data is still catching...
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Post Governmentus Interruptus, Housing Market Sags- Professional Edition
The Mortgage Bankers’ Ass. is closed this week, hence there was no release of the Mortgage Applications Index, the best real time housing demand indicator. However, this week we do have the lagged data from the worst housing indicator in the world, Case Shiller, as well as the almost-as-stupid Pending Home Sales Index from...
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How To Fall From Near Zero- Slowly – Professional Edition
Mortgage applications remained moribund this week after a counter trend move in most of October and November. The data shows no sign of a reversal of the downtrend in purchase applications. New homes sales data released by the Commerce Department today shows builder sales at new record lows. The housing industry remains in a...
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Housing Starts Suggest Inventory Build- Professional Edition
Mortgage applications turned lower this week after a counter trend move in most of October and November. The data shows no sign of a reversal of the downtrend in purchase applications. December homebuilder survey data released today also shows no movement off rock bottom levels. Likewise for November housing starts, although the media, as...
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Housing Starts Suggest Inventory Build- Professional Edition
Mortgage applications turned lower this week after a counter trend move in most of October and November. The data shows no sign of a reversal of the downtrend in purchase applications. December homebuilder survey data released today also shows no movem...
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Cracked Economic Reports Not as Cracked Up To Be
Two key economic reports out today require closer scrutiny. Their positive readings may not be all that they appear to be on the surface. Both the MBAA’s Mortgage Applications Index and the weekly unemployment claims were reported as positives this morning. But just how good were they?
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Theoretical Seeds of A Housing Bottom- Professional Edition
Purchase mortgage applications fell back to near their recent lows last week, reversing the surge from the previous week. That was caused by the FHA’s new, tougher requirements on credit scores and down payments. The week before last was the deadline for deadbeats to get in under the old easy money game rules. That...
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House Prices Headed for Pre Y2k Levels – Professional Edition
Total employment, purchase mortgage applications, and median household incomes are at the levels of the late 1990s. What does that say about housing prices? Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information...
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Dead In The Water – Professional Edition Housing Update
This report updates the monthly Zillow housing data, and the weekly unemployment claims and mortgage applications index. The Zillow data for June shows the final effects of the April buying panic as the house purchase tax credit expired. Next month’s data should reflect the subsequent collapse that has been showing up in other indicators....
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Bleak Week for Weak Housing – Professional Edition
The pending home sales data (sales contracts) for June showed a tiny dead cat bounce on the heels of the collapse in May. Sales activity is now below the level of June 2009 and 2008, at the bottom of the market. Real time mortgage applications data continue to prove to be an accurate forecaster...
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House Buyers Disappear- Professional Edition
In this edition of the Housing Market Update, now posted separately from the Fed Report, we look at the stunning collapse in purchase mortgage applications this week, and rise in the Homebuilders’ survey data. That dichotomy was expected, and we know just how to reconcile it. Click here to download the complete report in...
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Best They Can Do?
Originally published by email . Use the form in the right sidebar to receive the free Wall Street Examiner Economic Bulletin emails. I update this chart of mortgage applications weekly in the Wall Street Examiner Professional Edition Fed Report. It is based on data published by the Mortgage Wankers Association each week. The more...
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Radio Free Wall Street 4/1/10
Russ Winter and Lee Adler discuss MBS and GSE spreads, and the unsustainable nature of the forces driving this market. Lee again unspins this week’s economic data, explains while really bullish economic news is bearish for the market, and talks about the timing of the next top.
Not a subscriber? Click here to hear...
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Best Laid Plans Don’t Always Work- Professional Edition
The masters of yield suppression fell down on the job today. 10 year yields at the auction popped up 5 basis points from yesterday’s levels in the market. Prior to the auction there was no news “hook” that they could use to generate some selling in stocks in order to push the yields down....
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Sour Housing Notes
The following is an excerpt from the Professional Edition Fed Report of December 23. It was also made available to Wall Street Examiner Economic Bulletins, a free email service, on December 24. You can subscribe via the form in the left sidebar. The Mortgage Bankers Association’s Mortgage Applications index announced Wednesday did a belly...
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Fed Coy As Panic Boosts Treasuries – Professional Edition
The mortgage applications data released on Tuesday continues to cast doubt on the NARs data showing a recovery or stabilization in the housing market. I don’t question their data, but the MBAAs data and Zillow’s data do not support it. See http://wallstreetexaminer.com/2009/09/01/more-little-lies-and-big-spin-gains-or-blips The Treasury completed 3 bill auctions this week with buying at panic...
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Devil In the Details – Professional Edition
Mortgage applications rose last week, but the devil is in the details. Only refis increased in response to lower rates. Purchase apps fell sharply again, with the index still refusing to break a 19 month downtrend line. Meanwhile, the Treasury market has had another vicious turn. Click here to download complete report in pdf...
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Radio Free Wall Street 5/27/09
Lee Adler goes solo this week and why the the Con con is a con, and expounds on the non-existent housing recovery, the horror show in the Treasury market including data on the crash in Federal tax receipts now under way, and the technical outlook for the stock market. Radio Free Wall Street subscribers...
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