Why are mortgage applications spiking 25% even as home sales collapse? - L.A. FOCUS NEWSPAPER

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Why are mortgage applications spiking 25% even as home sales collapse? - L.A. FOCUS NEWSPAPER

Talk about false positives. A recent spike in mortgage applications will not translate to a home sales rally. At least not anytime soon. Before I explain, indulge me while I share a few factoids. Purchase mortgage applications jumped nearly 25% on Thursday, Jan. 19 from the previous week, according to

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Source: Home - L.A. Focus News

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