USA Today Imagines a Surge of Homebuying

by

USA Today told readers that low mortgage rates "trigger race to buy, refinance." The second part of this sentence is true.The Mortgage Bankers Association (MBA) index for applications for refinancing has soared in recent weeks. However, the MBA purchase applications index remains near its low point for this downturn.

--Dean Baker

You can count on the Prospect, can we count on you?

There's no paywall here. Your donations power our newsroom as we report on ideas, politics and power — and what’s really at stake as we navigate another presidential election year. Please, become a member, or make a one-time donation, today. Thank you!