The Traderszone Network

Published in TZ Latest News 17 December, 2014 by The TZ Newswire Staff

Mortgage Applications Tumble As Citi Warns Oil-Drop Risks Housing/Jobs Slump

Mortgage applications for home purchases fell almost 7% last week, fading recent gains and hovering once again back at 20 year-lows (entirely unable to reflect the housing ‘recovery’ for the average joe). The plunge in applications comes as mortgage rates crash back to 4% – the lowest in 19 months.

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