Thursday, February 11, 2010

No help for homeowners

[A] separate report showed U.S. mortgage applications dipped last week, reflecting reduced demand for home purchase loans even as rates on 30-year loans fell to their lowest since December.

A continuation of lackluster demand for home purchase loans would not bode well for the U.S. housing market, which remains highly vulnerable to setbacks and heavily reliant on government intervention.
http://www.reuters.com/article/idUSTRE6192P020100210

If you're upside down on any home loan mortgages, don't expect any relief soon.

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