DISQUS

Blown Mortgage: Recovery? Mortgage apps down, prime delinquencies up

  • Glenn · 4 months ago
    I agree with the basic premise of the article. There's been caution all across the board. Even consumers who are still employed don't want to spend, and that means they don't want to take the risk of getting a new house and the accompanying mortgage. They're just not sure how long their jobs will last.

    Until new industry is established in the U.S., consumers will continue to retreat from spending.