Tag Archives: purchase applications

Mortgage Interest Rates Fall

Mortgage interest rates dropped this past week. They remain under 4% for borrowers with the best credit scores. There’s not much demand for mortgages so with reduced demand, suppliers of such loans must drop their prices (interest rates and fees) … Continue reading

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As Interest Rates Rise, Mortgage Applications Fall

This is an iron rule of economics. All things being equal, as the price rises, demand falls. Mortgage interest rates have nowhere to go but up and that is where they are headed. Miriam Reiner reports: “Stronger economic data towards … Continue reading

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Low Interest Rates Bring Out More People Looking For Mortgages

Lending standards have become much tighter over the past four years. Lower interest rates usually lead to more people applying for refinancing and other mortgages. Report: In April 2008, the federal government started handing out tax credits to first-time home … Continue reading

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Who Wants A Mortgage?

Not many people according to the new statistics. With unemployment high, GDP growth low, there just aren’t many people who can afford to buy a home and to take on a mortgage. Refinance applications are also down. Report: The number … Continue reading

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Mortgage Rates Below 5%

So who’s taking advantage? New home buyers? Not so much as Borat would say. It is refinances that are surging. New home sales are down. Overall mortgage purchases are up however. You can still get an $8,000 tax credit if … Continue reading

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Home Purchase Applications At Lowest Level Since 2000

Refinances are booming as rates have dropped the past five weeks, defying expectations, but there’s little demand for new home purchases. Too many people are unemployed or under-employed to be handle a mortgage or to move up in their home … Continue reading

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Mortgage Applications Drop

From the AP: Mortgage application volume fell 4.6 percent during the week ending May 23, according to the trade group Mortgage Bankers Association’s weekly application survey. Refinance volume declined 8.9 percent, pushing total volume lower. Refinance applications accounted for 46.1 … Continue reading

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Mortgage Applications Down

From Marketwatch: "CHICAGO (MarketWatch) — Mortgage applications filed last week dropped a seasonally adjusted 7.8%, compared with the previous week, the Mortgage Bankers Association reported on Wednesday. Compared with the same week in 2007, applications were down 9.4%, the MBA … Continue reading

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Small Increase In Mortgage Applications

Here’s the news: The Mortgage Bankers Association said Wednesday morning that its Market Composite Index of mortgage application activity rose 2.9 percent to 674.4 for the week ended May 9; applications remained off 1.1 percent compared to year-ago activity, the … Continue reading

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