Will The Housing Market Recover This Year: Too Early To Tell – Irvine Real Estate – Irvine Homes for Sale

by Robert Mack on January 5, 2011

in Buyers, Latest News, Sellers

The first of this year’s major weekly mortgage market surveys, the Mortgage Bankers’ Association’s Weekly Mortgage Application Survey, will be released tomorrow, giving us a more reliable picture of where rates are headed now, but a clear downward trendlet may be emerging in the day-to-day movements. Rates have fallen from day to day for three straight days on the Bankrate.com overnight survey, and the week-to-week movements also turned negative on today’s survey. The downward trend is less solid on Zillow, especially in the more volatile adjustable-rate mortgage category; in the other categories, day-to-day changes are generally small enough to be classified as steady, while week-to-week changes appear to be solidifying in a downward direction.

via atomstack.com for the complete article

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