mortgage applications - Articles

Mortgage Applications Rise as Rates Fall

Brian Chan/Alamy By Caroline Valetkevitch NEW YORK -- Applications for U.S. home mortgages rose last week as interest rates declined, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase... Continue Reading »

Mortgage Applications Slip in Latest Week

Daniel Acker/Bloomberg via Getty Images By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages fell in the latest week as interest rates edged higher, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both... Continue Reading »

Mortgage Applications Tumble to Lowest Level in 2 Decades

Alamy By Diana Olick Mortgage applications to buy a home fell last week to the lowest level in nearly two decades, according to a weekly survey from the Mortgage Bankers Association. The report is a clear sign of weakness in buyer demand heading into the usually busy spring housing season. "Purchase applications were... Continue Reading »

Refinancing Losing Its Appeal to Homeowners

Shutterstock By Christine DiGangi There were a lot of positive changes in the mortgage world last year: Foreclosures declined, property values increased, interest rates maintained historic lows, and home sales climbed. As the recovery plowed ahead in 2013, home sales dominated new loans, making up 49 percent of new... Continue Reading »

Mortgage Applications Continue to Slide

Shutterstock By Luciana Lopez Applications for U.S. home mortgages fell in the latest week as both purchase and refinancing applications slipped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and... Continue Reading »

More Americans Apply for Home Mortgages

Getty Images By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages rose in the latest week, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 4.7 percent to... Continue Reading »

Mortgage Applications Edge Up in Latest Week

Chuck Burton/AP By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages edged higher in the latest week, rebounding from a 13-year low set at the end of last year, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which... Continue Reading »

Mortgage Applications Rise After Weeks of Decline

Shutterstock By Rodrigo Campos Applications for U.S. home mortgages rose slightly last week after five consecutive weeks of declines, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home... Continue Reading »

How Cash Income Can Cost You When Applying for a Mortgage

Shutterstock By Bev O'Shea Can cash deposits to a checking account from tips and other sources derail a mortgage? If you haven't taken out a mortgage lately, you may not know that lenders require an explanation for deposits that are not payroll checks or, say, income tax refunds. While some potential homebuyers may not... Continue Reading »

Home Mortgage Applications Continue to Slide

Shutterstock Applications for U.S. home loans slipped in the latest week, although a drop in the previous week was revised to a smaller fall than previously reported, data from an industry group showed on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity,... Continue Reading »

Mortgage Applications Fall in Latest Week

Getty Images By Ryan Vlastelica NEW YORK -- Applications for U.S. home loans fell in the latest week, reversing the previous week's gain, data from an industry group showed Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and... Continue Reading »

Lying About Income to Get a Mortgage Now an Even Bigger Mistake

Shutterstock By Christine DiGangi A lot has changed in the mortgage market during the past few years. Home prices have improved and sales have gotten more competitive. Even mortgage fraud has taken a different route. Mortgage application fraud risk is down 5.6 percent year-over-year in the second quarter of 2013,... Continue Reading »

Home Prices Rise in August; Yearly Gain Best Since 2006

Justin Sullivan/Getty Images By Steven C. Johnson NEW YORK -- U.S. single-family home prices rose in August and also posted their strongest annual gain in more than seven years, a closely watched survey showed Tuesday. The S&P/Case-Shiller composite index of 20 metropolitan areas rose 0.9 percent on a seasonally... Continue Reading »

20% of Today's Mortgages Would Fail New Loan Standard, Study Says

Getty Images An analysis of home loans showed that 1 in 5 current mortgages would not meet the qualified mortgage safe harbor standard that goes into effect in January. Financial risk-management company ComplianceEase released a study highlighting the likely impact of the qualified mortgage, or QM, rule on the industry.... Continue Reading »

Mortgage Applications Slip Even as Rates Fall

Patrick Fallon/Bloomberg via Getty Images By Luciana Lopez NEW YORK -- Applications for U.S. home loans fell slightly in the latest week, as a drop in demand for purchase loans outweighed an increase in refinancing demand, data from an industry group showed Wednesday. The Mortgage Bankers Association said its seasonally... Continue Reading »

Why It's Wise to Reduce Debts Before Applying for Mortgage

Shutterstock By Scott Sheldon Trying to secure a mortgage right now? From higher mortgage rates, to rising home prices to the contraction in buying power -- securing financing, for some, can be no easy endeavor. As prices, and rates rise simultaneously, lenders will still place the weighted emphasis on "real income,"... Continue Reading »

Mortgage Applications Plunge Near 5-Year Low

Shutterstock By Luciana Lopez Applications for U.S. home loans plunged as mortgage rates matched their high of the year, with refinancing activity falling to its lowest in nearly five years, data from an industry group showed on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage... Continue Reading »

Spotty Job History? Get a Mortgage With These Work-Arounds

It's a well-known fact that lenders look at employment history when considering applicants for a mortgage. Two years' history is the standard (though not absolute) metric that lenders typically examine. But a tough job market and high unemployment rates during the past few years means a lot of people may be looking for... Continue Reading »

5 Reasons Not to Rush Into Applying for a Mortgage

By Scott Sheldon You're doing everything right, paying your bills on time, earning a good living, and you're applying for a mortgage -- with second thoughts. Maybe you're trying to buy a new home, and something's just not right, perhaps the payment is too high. Whatever the case, paying attention to the signs means the... Continue Reading »

Don't Let Student Debt Keep You From Graduating Into a House

By Scott Sheldon Anyone who has tried to apply for a mortgage and had student loans knows what it's like to be scrutinized and questioned by the mortgage company over the impact of those obligations. Like other forms of debt, such as car loans or credit cards, student loans are in the same classification: debt made... Continue Reading »

Mortgage Applications Tumble Again as Rates Keep Climbing

Interest rates on U.S. mortgages continued to surge last week, rising above 4 percent for the first time in a year and driving down demand from homeowners to refinance, data from an industry group showed on Wednesday. Fixed 30-year mortgage rates climbed 17 basis points to average 4.07 percent in the week ended May 31, the... Continue Reading »

A Sign the Housing Recovery Just Might Stick

By Nin-Hai Tseng Investors armed with cash have largely driven the recovery of the U.S. housing market to date, but a few signs suggest that trend may be easing up. For the past five months, applications for new mortgages have risen, suggesting that regular buyers may be starting to play a bigger role in the housing... Continue Reading »

Mortgages Applications Over the Phone? They Could Be on the Way

Many consumers have likely seen the technology from their banks that allows them to deposit a check just by taking a picture of it with their smartphone. Soon, they might be making mortgage applications over the phone the same way. According to a report by American Banker, tech experts say that in the near future, more... Continue Reading »

U.S. Home Sales Dip 1.7% on Tight Inventory

WASHINGTON -- U.S. sales of previously occupied homes fell in September after hitting a two-year high in August, in part because there were fewer homes available for sale. The National Association of Realtors said Friday that sales of existing homes in the U.S. dipped 1.7 percent to a seasonally adjusted annual rate of... Continue Reading »

Mortgage Refinancing Activity Reaches 3-Year High

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 »

Mortgage Applications Soar to Highest Level Since Spring 2009

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 »

Refis Soar on Falling Rates

Mortgage applications increased 10.3 percent this past week as more homeowners refinanced existing mortgages or took advantage of lower interest rates to buy homes. The Mortgage Bankers Association said its market composite index -- a measure of loan application volume -- increased 10.3 percent on a seasonally adjusted... Continue Reading »

Mortgage Applications Down Despite Rock-Bottom Rates

Despite record low mortgage rates, mortgage applications fell 4.9 percent for the week ending Sept. 2, according to an industry trade group. The Mortgage Bankers Association said Wednesday that its market composite index -- a measure of mortgage loan application volume -- fell 4.9 percent on a seasonally adjusted basis... Continue Reading »

Mortgage Applications Fall to 15-Year Low Despite Enticing Rates

WASHINGTON - Mortgage applications to purchase a home fell last week to a 15-year low, despite the lowest mortgage rates in decades. Many potential buyers are holding off because they are worried about job security and fear the economy could slip back into another recession. The Mortgage Bankers Association said... Continue Reading »

Mortgage Applications Surge on Strength of Refis

Applications for home mortgages saw their biggest jump in three months last week, fueled by demand for refinancing as interest rates continued to fall, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both... Continue Reading »

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