http://www.bloomberg.com/news/2011-06-01/u-s-mortgage-applications-fell-4-last-week-on-refinancing.html
“Nobody wants to buy an asset they think will go down in value,” Neil Dutta, an economist at Bank of America Merrill Lynch in New York, said before the report. “The only people who can refinance are great credits and you’re only talking about a very small sliver of the market.”
“Nobody wants to buy an asset they think will go down in value,” Neil Dutta, an economist at Bank of America Merrill Lynch in New York, said before the report. “The only people who can refinance are great credits and you’re only talking about a very small sliver of the market.”
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