The Buyers Are Coming … Mortgage rates may have inched up slightly but that didn’t seem to deter home buyers from shopping for a loan last week. Mortgage application volume rose 2.3 percent week-over-week on a seasonally adjusted basis, driven by an uptick in home purchase applications, the Mortgage Bankers Association reports. Mortgage applications are nearly […]
Home Buyer Rush? Mortgage Applications Surge!
Borrowers were undeterred by the highest interest rates in five months as mortgage applications for home purchases surged 12 percent in the latest week. Home purchase applications are now 19 percent higher than one year ago, the Mortgage Bankers Association reports. “This was despite the fact that mortgage rates reached their highest level since July,” […]
Loan Demand Rises in Metamora
Loan demand rises 3.6% according to this article in the May issue of RealtorMag, as interest rates drop… Mortgage applications were on the rise this week as interest rates dropped to the lowest level in six months, the Mortgage Bankers Association reported Wednesday in its weekly market survey. Mortgage applications, reflecting applications for home […]
Mortgage Applications Down, Rates Rise
Mortgage applications down, rates rise. Today I read this article from RealtorMag on how mortgage applications tumbled as mortgage rates soar. 15 year fixed at 2.96% and 30 year fixed at 3.78%… Mortgage applications last week dropped 10 percent after rates soared to their highest level since March, the Mortgage Bankers Association reported in its […]
Home Purchase Loans Hit 3 Year High
This article in the May 8th RealtorMag talks about how mortgage applications are on the rise, a leading indicator of future sales… Mortgage applications were on the rise last week, with applications for home purchases — viewed as a leading indicator of future home sales — moving up to their highest level since May 2010, […]