Wall Street Greek

The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.

Tuesday, June 09, 2015

REAL ESTATE – Mortgage Activity is NOT Down

If I have taught you anything about real estate it's this: Do not to take mortgage data too seriously around 3-day holiday weekends. With regard to the last two weeks’ data, I suggest real estate enthusiasts simply ignore the application activity. The Mortgage Bankers Association (MBA) data regularly shows wild swings around holidays because of some imperfections with the seasonal adjustment process. See my real estate report here. Article interests iShares US Real Estate (NYSE: IYR), SPDR Homebuilders (NYSE: XHB), MGIC Investment (NYSE: MTG), Bank of America (NYSE: BAC), J.P. Morgan Chase (NYSE: JPM), Citigroup (NYSE: C).

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