Mortgage Applications Are Not an Indicator On The Health Of Housing

August 27, 2014

The MBA Weekly Mortgage Application Index was once considered a reliable indicator for home sales.
 
However, as Yahoo! Finance reports, Goldman Sachs economists have found that mortgage applications have been flat while home sales have risen, and they offer three factors that help explain the disconnect between the two indicators.
 
Learn what these indicators are at Yahoo! Finance.

 

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