Tag Archives: mortgage applications

Despite Record Low Mortgage Interest Rates, Mortgage Applications Declined Last Week

Interest rates aren’t everything when it comes to considering a mortgage. A more important consideration might be the state of the economy and an honest reckoning of one’s own prospects. Not many economists see economic growth ahead for several years. … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on Despite Record Low Mortgage Interest Rates, Mortgage Applications Declined Last Week

Why Are So Many People Trying To Sell Me ‘Refinance’ Domains?

Over the past three months, I’ve received more than a dozen emails trying to sell me various “refinance” domain names. What’s going on here? Along with the decrease in my advertising earnings on this site, I surmise that there’s less … Continue reading

Posted in mortgage | Tagged , , , , | Comments Off on Why Are So Many People Trying To Sell Me ‘Refinance’ Domains?

New Plan Likely To Allow For Refinancing Of Underwater Mortgages

A major settlement between the Obama administration and the state attorney generals over shoddy foreclosure practices by the big banks is likely to allow tens of thousands of people with underwater mortgages to refinance. Without this special break, people who … Continue reading

Posted in Banks, Foreclosure, mortgage, Politics, Rates, Refinance | Tagged , , , , , | Comments Off on New Plan Likely To Allow For Refinancing Of Underwater Mortgages

Mortgage Applications Decline Despite Record-Low Interest Rates

Potential borrowers do not seem that excited by the lowest mortgage rates on record since the 1940s. Mortgage applications are actually declining, not rising. Refinance applications are also declining. Report: The number of mortgage applications filed in the U.S. last … Continue reading

Posted in mortgage | Tagged , , , , | Comments Off on Mortgage Applications Decline Despite Record-Low Interest Rates

Home Sales Drop 3.5% From June

Home sales are up 21% from last year but last year’s number was artificially low. Buyers are less likely to buy a home right now because consumer confidence is weak. Buying a home is a major purchase and without confidence … Continue reading

Posted in Banks, mortgage, Rates, Refinance | Tagged , , , , , , , , | Comments Off on Home Sales Drop 3.5% From June

Mortgage Applications Rise

It is no surprise that mortgage applications are rising. What is surprising is how small the increase is. Last week, applications went up just 4.1%. Why are mortgage applications going up? Because mortgage interest rates are dropping. Why aren’t mortgage … Continue reading

Posted in mortgage, Rates | Tagged , , , , , , | Comments Off on Mortgage Applications Rise

Mortgage Interest Rates Near Record Lows

With a deal to raise the federal government debt ceiling combined with depressing news about America’s lack of economic growth and employment, there’s a flight to safety. Institutions don’t want to invest in the stock market right now. Instead, they’re … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on Mortgage Interest Rates Near Record Lows

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

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on As Interest Rates Rise, Mortgage Applications Fall

Banks Reluctant To Lend For Mortgages

I don’t blame banks for being reluctant to lend for mortgages. Banks are a rare business. They can’t invest as they wish. They have to get permission from bureaucrats, politicians and radical groups. They have to — mandated by government … Continue reading

Posted in Banks, mortgage | Tagged , , , , , | Comments Off on Banks Reluctant To Lend For Mortgages

Mortgage Rates Low But Buyers Few

People who don’t have jobs can’t buy homes. People who don’t have a 20% downpayment are highly unlikely to qualify for mortgages. While the economy is flat, there aren’t many regular folks who can buy homes. Only selective investors. And … Continue reading

Posted in Banks, mortgage, Rates | Tagged , , , , , | Comments Off on Mortgage Rates Low But Buyers Few