“Also, the White House supports a provision in the deal that strengthens verification measures for people getting subsidies under Obamacare, spokesman Jay Carney said.
Carney called the change “a modest adjustment,” and said it didn’t amount to “ransom” for raising the federal debt ceiling because both sides agreed to it and the White House supported it.”
Daily Archives: October 16, 2013 @ 4:38 pm (Wednesday)
weekly mtg purchase apps drop a full 5%
Credit expansion is today’s ‘high powered money’ and, as always, the private sector is pro cyclical, and this series just fell to a 6 year low.
And when it slips into reverse it can get ugly quick.
Shutdown is having ‘notable impact’ on mortgages.
By Diana Olick
October 16 (CNBC) — Applications for government mortgage products dropped to a six-year low last week, as negotiations to end the U.S. government’s partial shutdown and avert a debt default rocked back and forth between progress and deadlock.
While total mortgage applications inched higher by 0.3 percent week-to-week, the increase was driven entirely by a 3 percent rise in refinances, according to a weekly survey by the Mortgage Bankers Association. Mortgage applications to purchase a home dropped a wider 5 percent.
Purchase Apps:
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