May
21
2009
Daily Mortgage Rates News - Applications Up, Rates Drop
Posted by: in Home Mortgage Online, tags: Average Mortgage, Daily News, Excerpt, Home Purchase Loans, Home Refinancing Loans, Housing Association, Housing Market, Mba, Mortgage Applications, Mortgage Bankers Association, Mortgage News, Mortgage Rates, News Feed, Random, RoseRandom Feed wrote an interesting post today on
Here’s a quick excerpt
Last week, mortgage applications rose due to the interest in for home refinancing loans. Although overall applications were up demand for home purchase loans was down. The spring is the peak of buying season so the hit that home purchase loans sees may be a strong indication of where we are headed in the housing market. The Mortgage Bankers Association said its index for mortgage applications rose 2.3% last week. In the same set of data the MBA stated that average mortgage rates dropped to
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