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in other words, people just aren t buying homes that often right now. that means developers are building fewer houses. after hearing all of that, you may be surprised to hear that mortgage applications actually jumped last month. i m not so surprised. they are at a crazy low. adam shah-mile-an-hour row at the fox business network with us. why the disconnect? is it just the low rate. it is the low rate. you hit the nail on the head. the other issue is refinancing. there is a surge of refinancing activity. 82% is refinance. shepard: some adjustable rate mortgages coming due. make a change now. i wonder down the road what does this mean down the road all this rephi. you could be freeing up money for people to spend into the economy. get a 30 year fixed mortgage now according to the mortgage banker s association at 4.55% and 15 jeer 3.91%. even after the report on home sales, stocks in home building companies went up. what s that? toll brothers finally returned to profit, the luxur

Mortgage applicationsArent buying homesFox business networkShepard smithAdjustable rate mortgagesMortgage bankers associationToll brothersHome building companiesOn home sales14 5593 91