Mortgage rates dropped during the week ending July 19 according to the HSH.com Weekly Mortgage Radar, and refinancing applications surged. The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 15 showed a 23.1 percent increase in the number of mortgage refinance applications over the previous week. In addition, the overall [...]
...Read MoreFewer homeowners are opting to refinance in spite of continued low mortgage rates. The Mortgage Bankers Association (MBA) reported that applications for home refinancing decreased by 6.2 percent during the week ending July 8, 2011 compared to the previous week. In addition, refinancing applications were 42.1 percent lower than the same week one year ago. [...]
...Read MoreWhile stronger economic news is generally positive, last week’s news caused mortgage rates to rise. Fewer consumers applied for new mortgage loans. The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 1, 2011 showed that refinancing applications dropped by 9.2 percent over the previous week. Overall, home loan applications dropped [...]
...Read MoreIn spite of continued low interest rates for mortgage loans, applications for a new home loan or a mortgage refinance decreased last week, according to the Mortgage Bankers Association (MBA). Overall, mortgage loan applications decreased by 2.7 percent during the week ending June 24, 2011, compared with the previous week. Applications for a mortgage refinance [...]
...Read MoreOne of the biggest obstacles to refinancing for many homeowners is a lack of equity. Declining home values across the country have left many families owing more on their mortgage loans than their home is worth. In a small piece of good news, CoreLogic, a provider of information and analytics, released data from the end [...]
...Read MoreWhile Americans have become used to low home loan rates, a further dip in interest rates last week caused a spike in mortgage applications. Applications for a mortgage refinance were up by 16.5 percent for the week ending June 10, 2011, according to the Mortgage Bankers Association (MBA). Overall, mortgage applications for both new loans [...]
...Read MoreThe Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey for the week ending June 3, 2011 showed that applications for a mortgage refinance increased by 1.3 percent over the previous week. Overall, mortgage applications dipped slightly by 0.4 percent over the previous week, even as mortgage rates remained low. The refinance share of activity increased [...]
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While mortgage rates stayed low last week, fewer homeowners applied for a home refinance. One possible reason may be that home prices remain flat or have dropped in 19 of 20 cities, according to the S Read More>>
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