Working on it, literally as I write this! Remember – the idea was only hatched about 2 weeks ago and I said it’d be about 60 days or so. Thanks for your patience! –Bryan Ellis

I don’t put much weight in much of anything I read in the national publications for several reasons, not the least of which are:

a) these clowns don’t know what they are talking about (buying your own residence does not make one an expert); and

b) by the time they have done their “research” it is old information they are reporting on (hardly relevant when your in the trenches).

Also, there might be another reason why mortgage ap’s have “grown”. Many people trying to get out of those ARM’s the media keeps bombarding us with negative news about.

In this case, that’s not the explanation. The data from the MBA breaks down mortgage applications into both refi requests and purchase money requests. Both are up strongly. — Bryan Ellis

Along that line, I did see an interesting graph yesterday that showed that the next major % ARM’s to adjust will hit us some time in 2012. So, unless we see alot of new ap’s between now and then we may want to keep our eyes peeled for the months leading up to that time period.