Paper Money - A US Real Estate Bubble Blog

Question of The Day - Noise of Convenience? Posted: 03 Dec 2008 01:37 PM CST Rates fell and mortgage application volume jumped dramatically but (looking at the chart above) does anyone seriously believe that the volume of mortgage "purchase" applications (applications for the purchase of a home) during the week that included Thanksgiving reached the same level seen during June and July, the peak of the home selling season? Why doesn't the MBAA simply admit that they have lots of noise when seasonally adjusting their data during the holidays? Are they just trying to benefit from the regular distortion?

You are subscribed to email updates from Paper Economy - A US Real Estate Bubble Blog To stop receiving these emails, you may unsubscribe now.	Email Delivery powered by FeedBurner
If you prefer to unsubscribe via postal mail, write to: Paper Economy - A US Real Estate Bubble Blog, c/o FeedBurner, 20 W Kinzie, 9th Floor, Chicago IL USA 60610