
Mortgage Applications Dump 16.6% MBA reports a 16.6 percent plunge in mortgage applications. Refinance and purchase mortgage applications drop precipitously--expecting loan originations to drop below $1.9 trillion, nearly half of 2003 mortgage boom high. Expect this to hit online mortgage lead generation players like Bankrate.com, as it did Yahoo. Wal-Mart Economic Indicators Wal-Mart Index signals consumer weakness. Paul Kedrosky is fabulous at zeroing in on the right signals to tell you what … [Read more...]

