US Mortgage Applications Eased Again Last Week: MBA

jc18630 | Feb 27, 2013 07:30 AM ET As an aspiring homeowner, I can tell you that there is just not the supply out there to choose from. What is there is way over the price range of a first time homebuyer. I`m afraid first time buyers have been priced out of this market, and I think you will see prices come back down again to meet us at our comfortable price level.

StormT | Feb 27, 2013 08:03 AM ET Yep.....the Ole housing recovery. Mortgage apps keep dropping, so of course that means all those organic first time buyers are using cash right? Once the hedge funds decide to dump these houses, look out below!

antisocial | Feb 27, 2013 08:09 AM ET most banks sold their foreclosed homes to investors by the thousands, that left the first time buyer in the cold. that action also made alot of people rush in and buy, thinking it may be too late if they waited, i know a few people that regret buying when they did. they feel they over paid... as soon as the interest rates go up a bit home prices are coming down, and fast...i believe we going to have another round of fresh foreclosures by 2014...good luck.

jillkohler | Feb 27, 2013 08:47 AM ET I know as a licensed Pennsylvania mortgage loan officer, that we continue to see many applications for both purchase loans and refinances. The people that currently own homes and haven`t taken advantage of the low rates are getting concerned that they are going to loose out and rates will start increasing. And as far as our local real estate market, more and more young couples are taking advantage of hopefully the end of the lower priced housing market. netequityloans

StormT | Feb 27, 2013 09:41 AM ET Jill........."hopefully the END of lower priced housing market"......really? And how exactly do inflated home values benefit young couples???






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US Mortgage Applications Eased Again Last Week: MBA

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