May 28 (CNBC) — Applications to purchase a home—an indicator of future home sales—fell 1 percent on week, but the year-ago comparison continues to widen. Two weeks ago purchase applications were down 11 percent on year; last week the annual drop increased to 15 percent.
mtg purchase apps down 15% yoy
May 28, 2014 at 07:55 AM EDT
Lower rates fail to boost mortgage activity May 28 (CNBC) — Applications to purchase a home—an indicator of future home sales—fell 1 percent on week, but the year-ago comparison continues to widen. Two weeks ago purchase applications were down 11 percent on year; last week the annual drop increased to 15 percent.
Lower rates fail to boost mortgage activity
