Real Estate Related News » Mortgage News http://www.realestaterelatednews.com Housing Sector Insight, Foreclosure Updates Fri, 19 Feb 2010 00:33:47 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Home Loan Applications Drop http://www.realestaterelatednews.com/2009/08/12/home-loan-applications-drop/ http://www.realestaterelatednews.com/2009/08/12/home-loan-applications-drop/#comments Wed, 12 Aug 2009 16:02:28 +0000 admin http://www.realestaterelatednews.com/?p=35 According to the Mortgage Bankers Association mortgage rates rose last week and the response was a lower volume of new loan applications. The volume of mortgage loan applications declined 3.5% compared with the previous week.  Home loan applications filed were still up an unadjusted 16.1% for the week ended Aug. 7 from the same week in 2008, according to the MBA’s weekly survey.  FHA home loan applications filed last week to purchase homes rose 1.1% from the week before. Volumes for conforming, FHA and VA loan applications were all lower than expected.

Mortgage refinancing applications to refinance existing home mortgages decreased 7.2%, on a week-to-week basis, reversing the 7.2% increase during the week ended July 31, according to the Washington-based MBA. The four-week moving average for all mortgages was down 0.7%. Home refinancing applications made up 52.3% of all applications last week, down from 54.2% the previous week. ARM mortgage loans accounted for 5.8%, up from 5.4%. Read the complete article online> Mortgage Loan Application Activity Slowing

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