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Tuesday, September 10, 2013

Wednesday: Mortgage Applications

by Calculated Risk on 9/10/2013 10:51:00 PM

For enjoyment, from Jim the Realtor Bubbleinfo TV:Two Grandmas (at the bottom or link here).

The first house is way overpriced, and although we are seeing more inventory, some of it is OPT (Over Priced Turkeys).

• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. Expect another sharp drop in refinance activity.

• At 10:00 AM, the Monthly Wholesale Trade: Sales and Inventories for July. The consensus is for a 0.3% increase in inventories.