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Later posting will identify emerging mortgage markets in the U.S. hopefully it is a market near you!.
Wednesday, February 24, 2010
Down Goes Conventional Purchase Mortgages!
We are tallying up thee totals for 2009 conventional mortgages. The chart below shows the mortgage data we collected. The total number of conventional purchase mortgages continues to reach new lows. You are feeling it in your sales but hang on! This year will be a bottom and an up tick should be visible soon!.
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6 comments:
Great information. It's ironic but I also wrote about it on my blog (http://www.artiinvest.com/2009/11/housing-update.html) my friend also wrote about it on our new site (http://www.newlowobserver.com/2010/01/real-estate-bottom-is-calling.html).
Based on your chart, it looks like a "double bottom" pattern seen in stock price. We can only wait and see if price will recover. But all things consider, risk/reward is in favor those who are willing to buy.
Thanks!
it looks like a "double bottom" pattern seen in stock price. We can only wait and see if price will recover. But all things consider, risk/reward is in favor those who are willing to buy.
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