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Mortgage applications declined again last week, according to the Mortgage Bankers Association (MBA). The MBA’s index declined by 2.1% in the week ending February 12. The decline was the result of a fall in demand for home purchases and refinancing. The MBA’s purchase and refinance gauge fell by 4% and 1.2% respectively. Many experts believe the … Continue reading Affordable Financial Services’ Weekly Mortgage Report The expectation of rising interest rates seems to have pushed up mortgage applications over the last week. The Mortgage Bankers Association reported yesterday that the mortgage application index rose by 21 percent for the week ending January 29 from 513 to 620.7. With the Federal Reserve announcing last week that its plan to stop purchasing mortgage-backed … Continue reading Mortgage Applications, Refinancing Rise Sharply Over Past Week After falling last week, Freddie Mac reported today that mortgage rates fell again for the week ending January 14. Interest rates on 30-year fixed-rate mortgages fell to 5.06%, a decline from 5.09% last week. This is still higher than the average of 4.96% last year. The average rates on 15-year fixed-rate mortgages fell to 4.45%, compared … Continue reading Good Time To Refinance As Mortgage Rates Fall Again In its weekly survey, the Mortgage Bankers Association (MBA) reported that mortgage applications rose a seasonally adjusted 14.3% last week for both purchase and refinance loans. With a fall in mortgage rates for the week ending January 7, refinancing applications increased by 21.8% for the week ending January 8, compared to the previous week. Applications … Continue reading Affordable Financial Services’ Weekly Finance Review Launched in February 2009, the government’s $75 billion Making Home Affordable Program was started with the mission of strengthening the housing market and the economy. The program offers refinancing and loan modification options to eligible homeowners, helping them stay in their homes. The loan modification option is covered by the Home Affordable Modification Program (HAMP) … Continue reading Affordable Financial Services’ Guide To The Home Affordable Refinance Program (HARP) NJ NY PA and CT Properties Only! Purchase or Refinance Equity Based Loans, Stated Income or Continue reading Stated Income & No Income Check Loans Are Still Available With Affordable Financial Services The beginning of 2010 has not brought good tidings for the mortgage industry as demand for U.S. mortgages dropped to a six-month low last week. In its Weekly Mortgage Applications Survey, the Mortgage Bankers’ Association found that the volume of mortgage loan applications decreased 22.8 percent on a seasonally adjusted basis for the week ending December … Continue reading Weekly Finance Review As expected, the U.S Treasury Department recently announced that it would be giving unlimited assistance to the two mortgage giants Fannie Mae and Freddie Mac for the next three years. The two companies, which are the largest source of money for U.S. home loans, were taken over by the government in September 2008 to help … Continue reading Treasury Announces Unlimited Assistance For Fannie Mae and Freddie Mac In a report released by the Mortgage Bankers Association (MBA), mortgage applications in the U.S. declined over the last week, even as the National Association of Realtors reported strong sales of existing homes during November, in a report released yesterday. The MBA’s survey, which covers about 50% of all U.S. retail residential mortgage applications, found that … Continue reading Mortgage Applications Declined Over Last Week Even As Housing Market Showed Improvement During November According to the latest figures released by the Mortgage Bankers Association (MBA), applications for mortgages rose slightly last week by a seasonally adjusted rate of 0.3% over last week. The MBA survey covers nearly 50% of all U.S. residential mortgage applications and gives an overview of the mortgage lending activity among mortgage bankers, commercial banks and … Continue reading Mortgage Applications Rise Slightly Over Previous Week |
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