The Housing Bubble Is About to Pop, Right?

Mortgage rates have doubled since last august. That has led, because mortgages are becoming more expensive, that's led to a pretty noticeable decrease in mortgage applications. So they're really beginningto fall off here. At the same time, and you mentione this earlier,. we're seeing a refi dry up too, right? And so we will have to be very patient to see the housing market turn around. In the casiller index. That's going to take a long time.