Mortgage Loans and Lending Decline
Posted on July 13, 2006
Filed Under Home Equity Loans, Mortgage Updates
A year ago today mortgage loans and applications was a much higher number and people in the industry are saying that the numbers have fallen sharply from the same time year when it was higher. Experts say that loans and lending have fallen 11% since June ‘05 and that not that many people are getting homes.
I think it would have something to do with skyrocketing home prices. When the real estate boom is going full throttle many just cannot afford the prices that are asked on many of these homes.
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