According to a survey done by the Mortgage Bankers Association mortgage loan applications were up .7% when compared to the same week during 2006. This is the second week in a row applications have been up since the previous two week run of lowered applications.
Read the rest of this entry »
The final numbers are in from the National Association of Realtors and as expected 2006 suffered a large drop in prices. After a five year boom driven by a strong economy and low interest rates the real estate market started to fall in 2006.
Read the rest of this entry »
At this speech Ben Bernanke, Chairman of the Federal Reserve, stated that the past several months have been an eventful period for the US economy. That many of the financial markets have had increased concerns about credit quality because of investor fear.
Read the rest of this entry »
Citigroup announced today that it’s combining it’s investment banking and alternative investment divisions into one lead by Vikram Pandit, a former Morgan Stanley executive.
Read the rest of this entry »
The demand for mortgages for purchase and refinancing existing mortgages rose last week, this after falling the two prior weeks in a row. The Mortgage Bankers Association stated that mortgage applications rose 2.4% in the week ended October 5th.
Read the rest of this entry »
U.S. mortgage applications rose for the second straight week as benchmark mortgage interest rates on home loans tumbled to their lowest since May.
Read the rest of this entry »
Applications for U.S. home loans rose last week, while the highest ARMs to date continue to take their toll on the once-torrid housing market.
Read the rest of this entry »
U.S. home mortgage applications fell for a second straight week, reflecting a drop in demand for home purchases and refinancing even as interest rates fell.
Read the rest of this entry »
Applications for home mortgages fell last week for the first time in three weeks, impacted by a sharp drop in demand for both home purchase loans and refinancing, an industry group said.
Read the rest of this entry »
U.S. home mortgage applications rose for the second straight week, driven by growing demand for both refinancing and home purchase loans. Read the rest of this entry »
But is that the whole story?