Even as the impact of the ongoing debacle slowly unfolds, it’s not too early to tote up a list of 10 far-reaching developments that have already happened. None bodes well for the U.S. housing market, banks or economy.
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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
The number of applications for mortgage loans fell last week as demand for refinancing loans weakened.
The total loan applications index fell 8.9% on a seasonally adjusted basis from a week earlier, with applications for refinancing loans slipping 10.8%, the Mortgage Bankers Association said. These figures include an adjustment to account for the Labor Day holiday.
Applications for…
Continue reading Mortgage Applications Drop on Weaker Demand for Refinancing
Mortgage Applications Drop on Weaker Demand for Refinancing originally appeared on DailyFinance on Wed, 15 Sep 2010 09:10:00.
Filed Under: Economy, Investing, Real Estate, Credit