fha: Mortgage Appications Surge on Improved Rates
- 12/29/08 01:26 PM
This morning several important reports were released. In advance of the economic reports, the Mortgage Bankers Association released their weekly survey of mortgage application. Last week, applications jumped by 124.6% over the activity seen in the same week last year and up 48% over the previous week's activity.Sometimes I get a laugh reading the newswires. This morning the article on mortgage applications stated that the boost in applications coincided with another drop in mortgage rates as the "government's efforts to thaw out the home-mortgage market show further signs of having the desired effect." The government hasn't really "done" anything yet, they've … (0 comments)
This morning several important reports were released. In advance of the economic reports, the Mortgage Bankers Association released their weekly survey of mortgage application. Last week, applications jumped by 124.6% over the activity seen in the same week last year and up 48% over the previous week's activity.Sometimes I get a laugh reading the newswires. This morning the article on mortgage applications stated that the boost in applications coincided with another drop in mortgage rates as the "government's efforts to thaw out the home-mortgage market show further signs of having the desired effect." The government hasn't really "done" anything yet, they've … (0 comments)
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