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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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Will ailing real estate get a boost now that the biggest banks know the results of federal stress tests?

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Random Feed wrote an interesting post today on
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San Diego brokers agreed this week at a Urban Land Institute monthly meeting that the dark days will linger for commercial real estate.

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With home sales continuing their dramatic decline, it stands to reason that mortgage activity would mirror the sales slump and register its own set of….

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