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…
The foreclosure crisis continues to pummel millions of Americans, and it has given rise to new con artists offering false assistance that leaves homeowners even deeper in debt. If you don’t want to get kicked when you’re alread…
The number of applications for mortgages to buy homes rose to its highest level in six months last week.
The Mortgage Bankers Association Purchase Index rose 14.4% from a week earlier, the association said. No adjustment was made for Veteran’s Day, which occurred in the previous week.
The index is now at it’s highest reading since the week ending May 7, 2010.
“The increase in…
Continue reading New Mortgage Applications Hit Highest Level Since May
New Mortgage Applications Hit Highest Level Since May originally appeared on DailyFinance on Wed, 24 Nov 2010 08:03:00.
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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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