Purchase, Refi Applications Decline 35% Over Last Four Weeks
June 09, 2010 at 11:31 AM EDT
“Purchase and refinance applications dropped this week, even after an adjustment for the Memorial Day holiday. Purchase applications are now 35 percent below their level of four weeks ago, as homebuyers have not yet returned to the market following the expiration of the homebuyer tax credit at the end of April,” said Michael Fratantoni, MBA’s [...]