Home Mortgage Loan Demand Drops
home mortgage loans
The Mortgage Bankers Association just reported that its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended September 10 decreased 8.9 percent.
Mortgage applications for home loan refinancing fell for a second straight week, dropping to its lowest level since early August.
Borrowing costs on 30-year fixed-rate mortgages, excluding fees, averaged 4.47 percent, down 0.03 percentage point from the previous week.
San Diego real estate agents
Home Loan Demand Up
home mortgages
Today the Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, increased 1.3 percent in the week ended July 30.This increase was the third week in a row that the average was higher.
The four-week moving average of mortgage applications, was up 0.3 percent. Borrowing costs on 30-year fixed-rate mortgages, excluding fees, averaged 4.60 percent, down 0.09 percentage point from the previous week, the MBA said.
San Diego California real estate agents
Real Estate Market – Mortgage Applications Hit 7 Mo. Low
real estate green shoots
Are those green shoots I see for the real estate market or a withering vine? The Mortgage Bankers Association (MBA),in a recently released report showed mortgage applications fell to a seven-month low for the week ending June 26, 2009.
The seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, fell 18.9% to 444.8, the lowest level since November 21, 2008.
The index of refinancing applications decreased 30.0% to 1,482.2, also the lowest since November 21, but was up 16.8% year-over-year.