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Refinance Boom Over

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Refinance Boom Over

Published June 18th, 2009 in Economy Tags: , , , , , , , .

The decline in interest rates and more importantly in mortgage rates have been able to prop up the ailing US economy a little bit. But it seems that the short lived mortgage refinancing boom is over and will no longer be able to offer any support :

mortgage loan applications refinancing

Keep in mind that the most recent data suggests that bond sentiment is extremely bearish.

The above chart is from the daily market commentary by David Rosenberg (sign up to receive it for free).

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  • Enn : Some other good resources on the Leverage/Lending cycle: Saving, Asset-Price Inflation, and Debt-Induced Deflation by Dr….
  • grace : To chime in on the sentiment front……… for those who follow net assets in the…
  • MachineGhost : I’d be remiss if I didn’t also mention this site: http://usdebtclock.org/ Look at the very last…
  • Robert : There was no surplus Factcheck is full of shit. Reagan’s deficits were a result of spending, not…
  • Damien Hoffman : I added this to our Best of the Web for tomorrow. Did you make that…
  • dacian : All these sentiment indicators lately send mixed signals: it shows that speculators/retailers get in and…
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