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Actual for You - Mortgage Applications Decrease
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Mortgage applications fell as interest rates hit the highest point in four years, according to the Mortgage Bankers Association.
The seasonally adjusted index of mortgage application activity for the week ending June 16 fell by 0.8% when compared to the week prior.
The seasonally adjusted purchase mortgage index was up 0.1%, while the purchase index was substantially below last year's 479.4.
The seasonally adjusted index of refinancing applications was also down by 2.2%. The total share of refinancings among all applications decre
Whether you are looking to purchase your first home, or are interested in refinancing your existing home loan, bad credit can potentially throw up some road blocks duri
The seasonally adjusted index of mortgage application activity for the week ending June 16 fell by 0.8% when compared to the week prior.
The seasonally adjusted purchase mortgage index was up 0.1%, while the purchase index was substantially below last year's 479.4.
The seasonally adjusted index of refinancing applications was also down by 2.2%. The total share of refinancings among all applications decr
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The seasonally adjusted purchase mortgage index was up 0.1%, while the purchase index was substantially below last year's 479.4.
The seasonally adjusted index of refinancing applications was also down by 2.2%. The total share of refinancings among all applications decr
Inappropriate planning and ad hoc expenditures are not the only reasons for a bad credit rating. Sometimes, the reasons are simply inconceivable... However, whatever th
The seasonally adjusted index of refinancing applications was also down by 2.2%. The total share of refinancings among all applications decr
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Historically low mortgage rates for the past five years have led to a housing boom. The rise of interest rates and decrease of housing values is a sign of economic slowdown in the market.
The average rate on a 30-year, fixed-rate mortgage was up 0.12 percentage point to 6.73% last week. This is the highest level since May 10, 2002.
Fixed 15-year mortgage rates averaged 6.37%, up from 6.27% one week earlier. Adjustable-rate mortgage rates increased to 6.22%.
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