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 pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.