Wednesday, June 4, 2008

Mortgage Apps Down 20%

Mortgage applications fell in May 2008 by 20% compared to the same period 2007.

Hmmmm. That's a mystery.

I can't believe mortgage lenders now have the audacity to question the veracity of my claims when applying to borrow money! And what's with all this "we need a copy of W-2, copy of 2 months of paystubs and copies of my bank cash holdings and investments"? Look, if I want a financial intervention, I'll ask for it.
What a bunch of jerks!

1 comment:

Anonymous said...

Fewer appications for mortgages
fewer houses sold
fewer price increases for houses=reasonable affordable house prices.

Sorry I have not posted in a while.

Keep up the great work Markus Arelius, we all appreciate your hard work in keeping us informed.