Dec 8th 2010 7:01AM
New mortgage applications rose as interest rates increased, making refinancing less attractive and thus less popular. The total volume of loan applications fell 0.9 percent for the week ending December 3, according to the Mortgage Bankers Association, with refinances declining 1.4 percent and new purchase applications... Continue Reading »
Nov 10th 2010 7:01AM
The housing market may be OK after all. The weekly mortgage application numbers are up for the third week in a row, with both refinances and purchases on the upswing. The Refinance Index rose 6.0 percent from last week and the seasonally adjusted Purchase Index grew 5.5 percent from the previous week, reports the Mortgage... Continue Reading »
Oct 27th 2010 5:59PM
Consumers are requesting more loans as mortgage application costs decline. The Mortgage Bankers Association's mortgage application index rose 3.2 percent for the week ending Oct. 22. Refinances logged a 3 percent increase, while purchase applications increased 3.9 percent. But a weekly uptick is hardly a sign that the... Continue Reading »
Jun 11th 2010 4:30PM
Foreclosures dropped again in May -- the second month in a row that the number of foreclosure actions fell, according to research company RealtyTrac. The news will make for some positive headlines -- but we've seen fluctuations like this before. The rate of foreclosure is still absurdly high. The genuine good news is... Continue Reading »
