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More recovery news

Posted by ipso facto @ 11:32 on October 29, 2014  

Mortgage Purchase Applications Plunge To 19-Year Lows

Tyler Durden’s pictureSubmitted by Tyler Durden on 10/29/2014 11:03 -0400

Presented with little comment.. because realistically what is there to say about a so-called ‘housing recovery’ when the volume of applications for home purchases is the lowest since August 1995. Keep believing that lower rates will support home prices… keep believing the Fed’s QE worked… or face facts, this is not your mother’s housing market any more…

Charts http://www.zerohedge.com/news/2014-10-29/mortgage-purchase-applications-plunge-19-year-lows

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.