Mortgage apps, housing starts fall

Wednesday November 18, 2009 11:16 AM

Recent enthusiasm for the housing market is waning. The latest reports show mortgage applications and new home construction on the decline. The Mortgage Bankers Association announced Wednesday that its index of applications fell 2 percent for the week ended Nov. 13 as purchase applications tumbled to a 12-year low. Now that President Barack Obama has signed an extension of the home buyer’s tax …

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