Jul 25th 2012 11:30AM
By Kerri Ann Panchuk The number of mortgage applications filed in the U.S. edged up a slight 0.9 percent for the week ending July 20 as refinance activity hit a three-year high, an industry trade group said. The Mortgage Bankers Association noted its refinance index grew 2 percent from the previous week, its highest... Continue Reading »
Jun 13th 2012 11:50AM
By Kerri Panchuk With interest rates well below 4 percent for the week ending June 8, total mortgage applications soared 18 percent from the previous week, an industry trade group said Tuesday. The Mortgage Bankers Association noted that the refinance index increased more than 19 percent from the previous week, reaching... Continue Reading »
Jan 12th 2011 7:01AM
Mortgage refis are increasing again, as interest rates show no sign of dropping again. The Refinance Index rose 4.9 percent for the week ending January 7, as compared to the previous week, according to the Mortgage Bankers Assocation (MBA). The seasonally adjusted Purchase Index, an indication of existing home sales, fell... Continue Reading »
Jan 5th 2011 7:11AM
While a key housing market indicator rose slightly at the end of 2010, it wasn't the holiday gift the housing industry had hoped for. The mortgage application index, which reflects the number of mortgages initiated by new buyers and refinancers, increased 2.3 percent for the week ending December 31 after dropping 3.9... Continue Reading »
Dec 15th 2010 9:50AM
Refinance applications continue their decline, as interest rates rise slowly but steadily. The refinance index fell 0.7 percent for the week ending Dec. 10, while the new mortgage purchase index dropped 8.6 percent, according to the Mortgage Bankers Association survey. The average 30-year fixed-rate interest rate for... Continue Reading »
