Teresa Rivas: The Mortgage Bankers Association (MBA) reported mortgage application data for the week ending December 20, and purchase applications were down 3.5% week-over-week, following last week’s 6.1% drop, the lowest level since February 2012. The index is down about 11.5% year-over-year so far.  Raymond James analyst Buck Horne expect that the disconnect between these figures … Continue reading Mortgage Data Decoupled From Other Housing Metrics