According to research released by the Mortgage Bankers Association yesterday mortgage applications fell 25% last week.
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The Mortgage Bankers Association announced today that U.S. mortgage applications rose in the last week of January.
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According to the Mortgage Bankers Association’s index, mortgage applications dropped 9.8% to 1,195.3 for the week ending with January 16th. This comes after reaching the higest level in more than 5 years in the previous week.
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The Mortgage Bankers Association reported today that due to lowering interest rates more homeowners have been seeking refinance mortgages.
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According to the Mortgage Bankers Association mortgage applications flew up 32.2 percent last week ending with January 4th.
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The Mortgage Bankers Association reported today that mortgage applications fell a seasonally adjusted 11.6% in the last week of 2007.
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According to the Mortgage Bankers Association’s weekly application survey new mortgage applications were down 7.6 percent during the week ending December 21st.
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Despite a jump in borrowing costs US mortgage applications rose last week to the highest level since July 2005.
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Home mortgage applications fell for the first time in five weeks as the recent jump in loan refinancing came to a halt.
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Angelo Mozilo, Countrywide’s co-founder and CEO, is under investigation by financial regulators for selling 130 million dollars with of shares at the start to the subprime crisis which crippled the industry over the summer. Wall Street Journal reported last night that the Securities and Exchange Commission has begun an informal inquiry into trades.
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