Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/marketne/public_html/includes/frontend.php on line 124

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/marketne/public_html/includes/frontend.php on line 155

Strict Standards: Non-static method modules_html::modoutput_table() should not be called statically in /home/marketne/public_html/includes/frontend.html.php on line 102
Main Menu
Home
News
Contact Us
Search
News Feeds
Articles
Financial News
Real Estate News
Directory

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/marketne/public_html/includes/frontend.php on line 155

Strict Standards: Non-static method modules_html::modoutput_table() should not be called statically in /home/marketne/public_html/includes/frontend.html.php on line 102
Home arrow News arrow US Mortgage Applications Dropped for the Second Week

Strict Standards: Non-static method mosMainFrame::sessionCookieName() should not be called statically in /home/marketne/public_html/includes/frontend.php on line 33

Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/marketne/public_html/components/com_content/content.php on line 33

Strict Standards: call_user_func_array() expects parameter 1 to be a valid callback, non-static method HTML_content::show() should not be called statically in /home/marketne/public_html/includes/Cache/Lite/Function.php on line 114

Strict Standards: Non-static method HTML_content::_Itemid() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 434

Strict Standards: Non-static method HTML_content::_linkInfo() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 437

Strict Standards: Non-static method HTML_content::Title() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 452

Strict Standards: Non-static method HTML_content::PdfIcon() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 455

Strict Standards: Non-static method mosHTML::PrintIcon() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 458

Strict Standards: Non-static method mosAdminMenus::ImageCheck() should not be called statically in /home/marketne/public_html/includes/joomla.php on line 2216

Strict Standards: Non-static method HTML_content::EmailIcon() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 461

Strict Standards: Non-static method mosAdminMenus::ImageCheck() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 709
US Mortgage Applications Dropped for the Second Week
Strict Standards: Non-static method HTML_content::EditIcon() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 611
Print E-mail

Strict Standards: Non-static method HTML_content::Section_Category() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 493

Strict Standards: Non-static method HTML_content::Section() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 734

Strict Standards: Non-static method HTML_content::Category() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 737

Strict Standards: Non-static method HTML_content::Author() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 496

Strict Standards: Non-static method HTML_content::CreateDate() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 499

Strict Standards: Non-static method HTML_content::URL() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 502

Strict Standards: Non-static method HTML_content::ModifiedDate() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 518

Strict Standards: Non-static method HTML_content::ReadMore() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 521
Friday, 28 July 2006

Strict Standards: Non-static method HTML_content::TOC() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 508
Mortgage applications in the United States fell for a second week as a measure of home purchases matched the lowest level since November 2003.

The Mortgage Bankers Association's index of applications to buy a home or refinance an existing loan dropped 1.3% last week to 533.8 from 540.8 the prior week. The gauge of purchase applications declined 2.4% to 389.

Higher mortgage rates are slowing home sales after five straight record years. Combined with a slowdown in mortgage refinancing that's been a source of cash for homeowners the past several years, the weakening housing market will weigh on the economy, economists said.

Anthony Chan, chief economist at JPMorgan Private Client Services in New York, said that the general trend is undeniably toward a softening in housing, which has been an important anchor for consumer spending. He said that there will be a lot less support for spending. It's certainly a risk for growth.


By M. Sese
http://realestatepress.org

 
Strict Standards: Non-static method HTML_content::Navigation() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 532
< Prev   Next >

Strict Standards: Non-static method mosHTML::CloseButton() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 535

Strict Standards: Non-static method mosHTML::BackButton() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 538