Mortgage applications down 11.5%...US MBA mortgage index 207.3 vs 210.6 prior

Mortgage applications down 11.5%...

http://www.rttnews.com/corpinfo/economiccalendar.aspx

• Application rate -11.5% vs -8.8% prior
• Mortgage market index 638.7 vs 721.4
• 30 year mortgage rate 4.07% vs 3.90% prior

Applications down and the mortgage rate has jumped up over 4% So much for the " Housing has recovered Meme "  How can Housing recover when

A: The Government hand is in on it
B: Jobs, what are those?
C: Main Street is tapped out, and Incomes keep falling ?