Jan 12th 2011 10:45AM
Buying a home is the biggest transaction in most consumers' lives. So why are an increasing number of homebuyers trusting their life savings to online mortgage processing sites? A recent survey by LendingTree.com shows that 21 percent of potential homebuyers use the internet to shop for their mortgage online. Could online... 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 22nd 2010 7:41AM
The demand for homes continues its downward slide. Mortgage applications, a measure of home sales in the pipeline, fell 18.6 percent for the week ending December 17, according to the Mortgage Bankers Association. The sixth straight week of declines in refinance applications, a whopping 24.6 percent, reflecting the... 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 »
