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Mortgage Interest Rates Inch Back up Slightly

Home Loan Applications Increase 5.7 Percent Last Week – second consecutive week of increased home buyer activity

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending March 5, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 5.7 [...]

Mortgage Interest Rates Drop Back Below 5 Percent

Home Loan Applications Jump 11.7 Percent Last Week after decreasing two prior weeks

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending February 26, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 11.7 percent [...]

Mortgage Rates Inch Up – Homebuyer Applications Decreased Again Last Week

Home Loan Applications Drop 7.3 Percent Last Week after decreasing 4.0 percent the week before.

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending February 19, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 7.3 percent [...]

Mortgage Loan Rates Remain Low – Fewer Home Buyers Taking Advantage

Home Loan Applications Drop 4.0 Percent Last Week.

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending February 12, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 4.0 percent from the week before and the [...]

30 Year Mortgage Interest Rates Drop Below 5 Percent

Home Loan Applications Drop 7.0 Percent Last Week.

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending February 5, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 7.0 percent from the week before and the four-week [...]

Mortgage Interest Rates Hold Steady-Loan Applications Jump Over 20 Percent

Home Loan Applications Jump 21.0 Percent Last Week.

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending January 29, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 21.0 percent from the week before and [...]

Mortgage Loan Interest rates remain fairly steady

Fewer Home-buyers applying for loans in past week

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending January 22, 2010. The report showed the

Mortgage interest rates drop slightly-Mortgage applications increase

Home-buyers mortgage activity increases from week before…down from a month ago though

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending January 8, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 14.3 percent from the [...]

Mortgage interest rates creep up slightly

Home-buyers mortgage activity dropping…refinances make up 3/4 of all new mortgages.

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending December 11, 2009. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 3.6 percent from the [...]

30-Year Mortgage Interest Rates Match All Time Low This Week

15-Year FRM Drops to Set Another New Low in Freddie Mac Survey History

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.78 percent with an average 0.7 point for the week ending November 25, 2009, down from last [...]

MBA’s Purchase Index for mortgages drops again; Now at lowest level in 12 years

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending November 13, 2009. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 4.7 percent from the week before making six-consecutive weeks of decreases and bringing the [...]

MBA’s Purchase Index for mortgages drops to lowest level in almost 9 years

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending November 6, 2009. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 11.7 percent from the week before, bringing it to it’s lowest level since December 2000 in [...]

Interest rates drop back below 5 percent; Home loan applications decrease

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending October30, 2009. The report showed an decrease of 1.8 percent in mortgage loan applications for a home purchase from the week before in spite of the fact interest rates slipped back below 5 percent again on a 30-year fixed-rate [...]

Mortgage Interest Rates drop slightly; Applications for home purchase drops 5.2 percent

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending October 23, 2009. The report showed an decrease of 5.2 percent in mortgage loan applications for a home purchase from the week as interest rates moved ever so slightly downward.

For the past four weeks mortgage applications for home purchases [...]

Interest rates increase; applications for loans to buy a home drop 16.7 percent

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending October 16, 2009. The report showed an decrease of 16.7 percent in mortgage loan applications for a home purchase from the week as interest rates inched back above 5 percent for the second week in a row.

Refi’s continue to dominate the mortgage application [...]

MBA Forecast for 2010; New home sales up, Home price declines end

Dennis Norman

The Mortgage Bankers Association (MBA) released a report this week with a their forecast of where the economy, housing market and interest rates are headed for the balance of this year as well as next year.

While I think in these volatile times I think it is extremely difficult to make predictions with regard to our [...]

Mortgage rates increase; loan applications decrease

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending October 9, 2009. The report showed an increase of 1.8 percent in mortgage loan applications from the week as interest rates inched back above 5 percent for the first time in four weeks. 

Refi’s continue to dominate the mortgage application activity with 67.4 [...]

Mortgage interest rates on 30 year loan stay below 5 percent for third consecutive week

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending October 2, 2009. The report showed an increase of 16.4 percent in mortgage loan applications from the week before fueled by interest rates remaing below 5 percent.

Unfortunately interest rates seem to be doing more for existing homeowners and [...]

Interest rates drop to lowest in four months on 30 year mortgage

Dennis Norman

According to Freddie Macs weekly mortgage market survey for the week ending October 1st,  the interest rate on home mortgages dropped with 30 year fixed rate mortgages hitting the lowest level since May 28th.  The survey shows the interest rate on a 30 year fixed rate mortgage for the week averaged 4.94 percent with 0.7 [...]

Interest rates drop below 5 percent for 30 year fixed rate loan; applications increase

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending September 18, 2009. The report showed an increase of 12.8 percent in mortgage loan applications from the week before fueled by interest rates dropping below 5 percent for the first time since mid-May.

The bulk of the activity (63.8 percent [...]

Interest rates drop for 3rd consecutive week; remain at 3-month low

Dennis Norman

According to Freddie Macs weekly mortgage market survey the interest rate on home mortgages dropped for the third-consecutive week and remains at a three-month low. The survey shows the interest rate on a 30 year fixed rate mortgage for the week ending September 17, 2009, averaged 5.04 percent with 0.7 percent in fees and points, [...]

Mortgage rates drop; Twenty Two Percent Increase in Refinancing

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending September 4, 2009. The report showed an increase of 17.0 percent in borrowers applying for home mortgages to buy a home from the week before.  This marks the largest gain in the index since early April, putting the index at the [...]

Mortgage Interest Rates drop to Lowest Rate Since May

Dennis Norman

According to Freddie Macs weekly mortgage market survey the interest rate on fixed-rate home mortgages dropped to the lowest rate since May 28th.  The survey shows the interest rate on a 30 year fixed rate mortgage averaging 5.08 percent with 0.7 percent in fees and points this week, down from 5.14 percent last week. [...]

Mortgage interest rates and applications increase

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending August 21, 2009. The report showed an increase in borrowers applying for home mortgages of about 1 percent from the week before for borrowers buying homes and an increase of almost 13 percent from the week before for [...]

Interest Rates drop to lowest level in three months

Dennis Norman

According to Freddie Macs weekly mortgage market survey the interest rate on home mortgages dropped to a new three-month low.  The survey shows the interest rate on a 30 year fixed rate mortgage averaging 5.12 percent with 0.7 percent  in fees and points this week, down from 5.29 percent last week. Last year at this [...]

Mortgage rates ease downward this week

Dennis Norman

According to Freddie Macs weekly mortgage market survey mortgage rates decreased slightly for the week ending August 6, 2009 from the prior week. The survey shows 30 year fixed rate mortgages averaging 5.22% with 0.6% in fees and points, down from 5.25% the week before. Last year at this time, the 30 year rate averaged 6.52%.

Rates on [...]

Mortgage rates rise slightly again this week

Dennis Norman

According to Freddie Macs weekly mortgage market survey mortgage rates increased slightly this week from the prior week. The survey shows 30 year fixed rate mortgages averaging 5.25% with 0.7% in fees and points, up from 5.20% the week before. Last year at this time, the 30 year rate averaged 6.52%.

Rates on 15 [...]

Mortgage interest rates rise this week

Dennis Norman

According to Freddie Macs weekly mortgage market survey mortgage rates increased slightly this week from the prior week. The survey shows 30 year fixed rate mortgages averaging 5.20% with 0.7% in fees and points, up from 5.14% the week before. Last year at this time, the 30 year rate averaged 6.63%.

Rates on 15 year fixed-rate mortgages increased slightly [...]

Mortgage interest rates drop this week; lowest since May

Dennis Norman

According to Freddie Macs weekly mortgage market survey mortgage rates dropped this past week slightly from the prior week.  The survey shows 30 year fixed rate mortgages averaging 5.14% with 0.7% in fees and points, down from 5.20% the week before.  This is the lowest rate reported in Freddie Mac’s survey for a 30 year [...]

Fed regulator says we may be seeing some bottoming of the market

James B. Lockhart III, Director, Federal Housing Finance Agency

By: Dennis Norman

In an interview on CNBC’s Squawk Box  James Lockhart, Director of the Federal Housing Finance Agency which is the regulator of Freddie Mac, Fannie Mae and the Federal Home Loan Banks had a few good things to say about the real estate market.

When asked [...]