Mortgage applications were on the rise this week as interest rates dropped to the lowest level in six months, the Mortgage Bankers Association reported Wednesday in its weekly market survey. Mortgage applications, reflecting applications for home purchases and refinancing, rose 3.6 percent for the week ending May 9. Broken out, refinance applications increased 7 percent, reaching the highest level since the week ending April 11. Applications for home purchases, viewed as a leading gauge for future home sales, rose less than 1 percent unadjusted … (0 comments)
mortgage applications: Mortgage Applications Down, Rates Rise
- 05/23/13 09:47 PM
Mortgage applications down, rates rise. Today I read this article from RealtorMag on how mortgage applications tumbled as mortgage rates soar. 15 year fixed at 2.96% and 30 year fixed at 3.78%... Mortgage applications last week dropped 10 percent after rates soared to their highest level since March, the Mortgage Bankers Association reported in its weekly mortgage market survey for the week ending May 17. The refinance index—which reflects applications for refinancing—fell 12 percent last week, while applications for home purchases dropped 3 percent. Still, applications for home purchases—viewed as a leading indicator of future home sales—were still 10 percent above … (3 comments)
mortgage applications: Home Purchase Loans Hit 3 Year High
- 05/10/13 10:33 PM
This article in the May 8th RealtorMag talks about how mortgage applications are on the rise, a leading indicator of future sales... Mortgage applications were on the rise last week, with applications for home purchases — viewed as a leading indicator of future home sales — moving up to their highest level since May 2010, the Mortgage Bankers Association reported. Mortgage applications for home purchases increased 2 percent last week, while applications for refinancing, which make up the biggest bulk of the index, jumped 8 percent. Overall, MBA’s mortgage application index increased 7 percent last week, reflecting both applications for purchase … (1 comments)
Loan demand rises 3.6% according to this article in the May issue of RealtorMag, as interest rates drop...
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