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mortgage bankers association: Mortgage Deliquency Rises - 08/20/09 03:18 PM
The mortgage delinquency rate, which is defined as the percentage of mortgage holders who are over 60 days or more late on their payments, rose for the tenth consecutive quarter (thru 2nd QTR, 2009). It is now at an all-time high of 5.81%. How should we put this figure in perspective? Well, that is an increase of 65% from the same time period last year. Nevada, Florida, California, & Arizona led the way with the highest foreclosure rates. North & South Dakota and Alaska had the lowest rates.
Don't forget to visit Central Florida's premier real estate website at www.GateArty.com for all … (0 comments)

mortgage bankers association: Mortgage Activity Strengthens - 03/27/09 11:57 AM
Mortgage applications spiked last week as a result of the record low interest rates. This fueled demand for home refinance loans. Mortgage applications increased a whopping 32.2% for the week ending March 20th. Refinancing accounted for nearly 80% of all of these applications. Despite stricter lending guidelines, the majority of those that apply for a loan, still get approved. The Mortgage Bankers Association reported an approximate 60% approval rate. As a point of reference, in 2003 nearly 80% of applicants got their loans approved. OOPS!
At least activity is finally picking up . . .
Don't forget to visit Central Florida's … (0 comments)

 

Gate Arty - Lakeland Florida Real Estate

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