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Realistbear

U S Housing Market Recovers - I R Hike More Likely?

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http://investing.reuters.co.uk/news/articl...06261-OISBN.XML

US Home Loan Demand Rises as Interest Rates Tumble

Wed Sep 12, 2007 1:01 PM BST

NEW YORK (
Reuters
) - U.S. mortgage applications rose for a second straight week, fueled by demand for home loans as interest rates sank to their lowest since May, an industry group's figures showed Wednesday.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, rose 5.5 percent for the week ended Sept. 7.
Applications were 12.5 percent above their year-ago level
.

Will Ben now have to consider hiking? How quickly things turnaround from crisis to euphoria. :blink:

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http://investing.reuters.co.uk/news/articl...06261-OISBN.XML

US Home Loan Demand Rises as Interest Rates Tumble

Wed Sep 12, 2007 1:01 PM BST

NEW YORK (
Reuters
) - U.S. mortgage applications rose for a second straight week, fueled by demand for home loans as interest rates sank to their lowest since May, an industry group's figures showed Wednesday.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, rose 5.5 percent for the week ended Sept. 7.
Applications were 12.5 percent above their year-ago level
.

Will Ben now have to consider hiking? How quickly things turnaround from crisis to euphoria. :blink:

House Price Crash cancelled now then ?

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...which includes both purchase and refinance loans...

The separate statistics might be interesting. The combined figure is all a bit, well, meh.

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House Price Crash cancelled now then ?

It looks that way. They cancelled it here according to the last LR Index as 2% up in one month takes us back to the peak HPI year with more than 20% annual inflation. In fact, things may just start to pick up as it is reported a lot of people are just returning from holidays and will be out house hunting. With the subprime crisis over and interest rates headed down we should see more HPI for at least another year or so. RICS are also saying BTL is becoming torrid again as rents hit multi-year highs. Add more immigrants to the mix and bingo!

Anyway that's this afternoon's position. This evening it might all change again. Its getting hard to keep up with the news that seems to be flying in every direction lately.

At least Merv knows what he is doing by saying IR have peaked as inflation is now under control despite the Grocer Industry saying food prices will rise 30% by Christmas.

Confused? Who wouldn't be. Its all a bit like a chicken charging around with its head cut off--darting this way and that as it gets more and more frenzied before the end comes--suddenly.

Edited by Realistbear

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It looks that way. They cancelled it here according to the last LR Index as 2% up in one month takes us back to the peak HPI year with more than 20% annual inflation. In fact, things may just start to pick up as it is reported a lot of people are just returning from holidays and will be out house hunting. With the subprime crisis over and interest rates headed down we should see more HPI for at least another year or so. RICS are also saying BTL is becoming torrid again as rents hit multi-year highs. Add more immigrants to the mix and bingo!

Anyway that's this afternoon's position. This evening it might all change again. Its getting hard to keep up with the news that seems to be flying in every direction lately.

At least Merv knows what he is doing by saying IR have peaked as inflation is now under control despite the Grocer Industry saying food prices will rise 30% by Christmas.

Confused? Who wouldn't be. Its all a bit like a chicken charging around with its head cut off--darting this way and that as it gets more and more frenzied before the end comes--suddenly.

I've reached the point now where I react to nothing. All news is just noise now. :lol:

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Guest wrongmove
I think RB's account has been hacked. Not only is he re-posting news stories exactly 6 hours after someone else has posted them, but now he's changing his mind wildly every couple of hours or so :blink:

Either he's had too much coffee this morning, or wifey has been moaning about not being able to decorate, so can he please crash the market today.

I'm quite bearish on his post count - it will return to trend in a day or two - or maybe it's different this time? 50 posts so far today and counting - it's clearly unsustainable, even with a miracle keyboard.

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Anyway that's this afternoon's position. This evening it might all change again. Its getting hard to keep up with the news that seems to be flying in every direction lately.

I think thats the problem, you are just relaying one press release after another. You are like a bearist BBC :blink:

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But I thought US mortgage refusals had leapt to a third?

which is why people have to apply for mortgages (again and again). Most are for refi I suspect.

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