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NVR, Inc. Message Board

  • sps14626 sps14626 Sep 23, 2013 3:40 PM Flag

    Rick -about mortgages

    saw where mortgage applications are "falling off a cliff" and mortgage lenders like Wells Fargo are laying off thousands. I'm wondering if this is mainly do to refiancing falling off or if mortgages for new houses are falling off as well. Wonder what they mean by "falling off a cliff". Paul

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    • Paul sorry to take so long to get back with you. Both Refi's are down and new home sales are down. Both are Down by about 41% over last year. But NVR seems to be bullet proof. Why I have no idea and I know that does not help you. I have been dealing with a major back problem. After 3 operations and countless other procedures you would think these "specialists could figure this out. Enough of that, I have been trading in and out of TSLA. Gotta watch it like a hawk low float high short interest. I think I also told you to keep an eye on(DLIA) clothing store were my 17 year old daughter works. Got in at $1.05 out at $ 1.28.. Look up the historical pricing on Yahoo. Just now on CNBC they were talking about doom and gloom in housing. But NVR is it's own keeper....Rick.

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