Mortgage loan application volume fell 1.2% last week to a 22-year low as the 30-year fixed rate rose to its highest point in almost a month, the Mortgage Bankers Association’s weekly survey shows. The adjusted Market Composite Index, a measure of mortgage loan application volume, decreased by 1.2%. The adjusted purchase index fell 1% while…
By CHUCK GREEN With lumber prices toppling, it might be the ideal time to knock on wood. Gently, though. It just might be a bit fragile at the moment. Year to date, prices have sagged around 50%, according to 7seasgroupusa.com. They recently sunk to their lowest point in nine months as they traded under the $600-per-thousand-board-feet…
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