Mortgage applications slowed down in the week before Christmas and increased the week after, while interest rates rose to a seven-month high, then retreated again, the Mortgage Bankers Association said Wednesday. Shifts in refi…
With mortgage refinancing applications up and house prices on the rise recently, you may think the worst is behind us. But nothing could be further from the truth.
Continue reading Gary Shilling: Don’t Expect a…
Demand for mortgage loans rose last week, driven by low interest rates.
The Mortgage Bankers Association said its Market Composite Index rose 5.8% on a seasonally adjusted basis from a week earlier. The index measures the volume of applications for loans. Demand for loans for new homes gained 5.5%, while the number of applications for loans to refinance rose 6%.
“The increases in…
Continue reading Mortgage Applications Rise, Thanks to Low Interest Rates
Mortgage Applications Rise, Thanks to Low Interest Rates originally appeared on DailyFinance on Wed, 10 Nov 2010 08:21:00.
Filed Under: Economy, Real Estate, Credit
The Mortgage Bankers Association said they tumbled 10.5% last week, the biggest fall-off in four months. While the foreclosure crisis may be playing a role in the decline, rising interest rates are also partly to blame.
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Mortgage applications fell 1.4% in the week ending Sept. 17, dragged down by a decline in the number of applications for loans to purchase houses.
Applications for loans to purchase a home dropped 3.3% from a week earlier on a seasonally adjusted basis, The Mortgage Bankers Association said. Applications for loans to refinance a home dropped 0.9%.
The four-week moving average for…
Continue reading Mortgage Applications Drop 1.4%
Mortgage Applications Drop 1.4% originally appeared on DailyFinance on Wed, 22 Sep 2010 08:48:00.
Filed Under: Economy, People, Investing, Real Estate, Credit