Mortgage Applications Drop, Interest Rates Rise
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
The mortgage industry slowed down 1.1 percent last month, but there is no mention what the impact of the hurricanes had on the ability to close loans, so these numbers may be skewed.
Overall mortgage applications dropped 1.1 percent last week on a seasonally adjusted basis from the week before, according to the Mortgage Bankers Association’s weekly survey.
The seasonally adjusted purchase index decreased by 1.9 percent to 473.8 from 483.1 the previous week, while the refinance index increased by 0.1 percent to 2,107.4 from 2,106.6 one week earlier.
The refinance share of mortgage activity increased to 44.5 percent of total applications from 43.9 percent the previous week. The adjustable-rate-mortgage share of activity increased to 29.8 percent of total applications from 28.8 percent the previous week.
Mortgage rates rose slightly for the 4th week in a row, with the 30 year fixed rate increasing to 5.94 percent, up .09 percent. 15 year fixed rate mortgages also increased, up to 5.55 percent, rising .11 percent.
whatever do you know him or were you there? correct we were not there so why are you so sure ...
This property is a wonderful property that just closed escrow for $ 16.5 Million. The asking price was way ...
Unfortunately, there's only one reason Oliver isn't telling you the 'other side.' The victim's version was true. He is what ...
I find all of this very interesting. I have recently moved into a community that is considering offering lease/buy options, ...
Realist, you've got some points in about the article. Seeing as how anyone at NAR is probably a bit biased, ...
I would speculate that RE/MAX agents lower their commissions most often because of how the brokerage is set up - ...
Your definition of "facts" is rather loose - pretty heavy on anecdotal observations and subjective terms. And classifying Lawrence Yun's ...
I have always wondered how all these houses built in one week hold up- do they build them in one ...
Damn mainstream news and media! That is why I listen to NPR! 
