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    "We're still in the soft landing camp for the housing market," explained John Shin, senior ec

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    According to the Mortgage Bankers Association weekly report, the seasonally adjusted index of mortgage application activity for the week ended August 25 decreased 0.9%, landing nearly 23% below last year's level for the same week.

    The decline remained consistent with the slowdown being seen in the housing market.

    "We're still in the soft landing camp for the housing market," explained John Shin, senior ec

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    According to the Mortgage Bankers Association weekly report, the seasonally adjusted index of mortgage application activity for the week ended August 25 decreased 0.9%, landing nearly 23% below last year's level for the same week.

    The decline remained consistent with the slowdown being seen in the housing market.

    "We're still in the soft landing camp for the housing market," explained John Shin, senior ec

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    rtgage application activity for the week ended August 25 decreased 0.9%, landing nearly 23% below last year's level for the same week.

    The decline remained consistent with the slowdown being seen in the housing market.

    "We're still in the soft landing camp for the housing market," explained John Shin, senior ec

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    The decline remained consistent with the slowdown being seen in the housing market.

    "We're still in the soft landing camp for the housing market," explained John Shin, senior ec

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    "We're still in the soft landing camp for the housing market," explained John Shin, senior economist for Lehman Brothers. "We do see a sizable impact on the economy and expect that the slowing housing market is going to trim roughly one percentage point off of growth over the rest of this year and the next year as well."

    For the sixth straight week, home refinancing demand increased as a result of decreasing mortgage rates.

    Last week, the 30-year fixed-rate mortgage rate averaged 6.39%, well below June's fou

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