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"You’ll never buy at the bottom" Interest rates are on the rise

Mortgage rates have been rising nonstop since the end of last week. If you are considering a refinance or taking the plunge and buying a new home, you’d better get moving. I just had a prospect shop rates and terms for his new home over the last couple of weeks and just called back; he finally decided on a lender and wanted an updated rate quote to lock his loan. Needless to say, he was terribly disappointed…the rates we originally spoke about on a 30 year fixed rate a couple of weeks ago was in the high 3’s, my quote yesterday was 4.25% (4.45% APR ). [...]

Average 30-Year Fixed-Rate Mortgage Holds at All-Time Record Low

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing most average mortgage rates inching higher on January’s positive employment data. The 30-year fixed remained unchanged and at its all-time record low. One year ago at this time, the 30-year fixed averaged 5.05 percent. [...]

Mortgage Interest Rates Fall Again to Yet Another New Record Low

Today Freddie Mac released the results of its Primary Mortgage Market Survey, showing average mortgage rates have dropped to new all-time record lows! [...]

Mortgage interest rates fall to match all time low!

This morning, Freddie Mac released the results of it’s Primary Mortgage Market Survey revealing that the interest rate on a 30-year fixed rate mortgage averaged 3.91 percent, matching the all-time low! Makes me want to go out and borrow some money! :) At this time last year, the interest rate on a 30-year fixed-rate mortgage averaged 4.77 percent. [...]

Mortgage Rate Update; The Benefits of ARM’s

Even though over the past few years, ARM’s (adjustable rate mortgages) have received somewhat of a “bad name”, there are truly benefits to them including: [...]

Mortgage Rate Update; FHA good alternative for many home buyers

In this tighter credit environment, FHA remains to be a great alternative for buyers with limited resources for a down payment and closing costs or past credit problems. Underwriting guidelines are more lenient than conventional guidelines. [...]

Record low interest rates coupled with low prices make buying a home more affordable than ever

This morning, Freddie Mac released the results of it’s Primary Mortgage Market Survey revealing that the interest rate on a 30-year fixed rate mortgage averaged 4.01 percent, which is an all-time record low and the interest rate on a 15-year fixed rate mortgage averaged 3.28 percent, also an all-time record low! [...]

Home Purchase Mortgage Activity Increases; Interest rates decline to lowest rate since last year

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending March 18, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 6.7 percent from the week before. The four-week moving average for the index is up [...]

Home Purchase Mortgage Activity Increases Slightly; Interest rates decline to lowest rate since last year

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending April 29, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 0.3 percent from the week before. The four-week moving average for the index is down [...]

Home Purchase Mortgage Activity Increases to Highest Level in Over Four Months; Interest rates decline

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending April 15, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 10.0 percent from the week before to its highest level since December 3, 2010. The [...]

Home Purchase and Refinance Mortgage Activity Drops; Interest rates rise for fourth week in a row

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending April 8, 2011, 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. The four-week moving average for the index is up [...]

Home purchase mortgage applications increase to highlest level for the year; interest rates hold steady

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending April 1, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 6.7 percent from the week before bringing it to the highest level this year thus [...]

Home purchase mortgage applications increased slightly; interest rates hold steady

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending March 18, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 2.7 percent from the week before. The four-week moving average for the index is up [...]

Home purchase mortgage applications decline; interest rates drop

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending March 11, 2011, 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. The four-week moving average for the index is up [...]

Home purchase and refinance mortgage applications jump; interest rates tick up

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending March 4, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 12.5 percent from the week before. The four-week moving average for the index is up [...]

Home purchase and refinance mortgage applications decrease even as rates drop back below 5 percent

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending February 25, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 6.1 percent from the week before. The four-week moving average for the index is down 2.2 percent.

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Home purchase and refinance mortgage applications decrease

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending February 1, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 5.9 percent from the week before. The four-week moving average for the index is down 1.9 percent.

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Home purchase mortgage applications decrease; interest rates on the rise

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending February 4, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 1.4 percent from the week before. The four-week moving average for the index is down 0.8 percent.

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Home purchase mortgage applications increase; interest rates still look great

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending January 28, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 9.5 percent from the week before.

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Home purchase mortgage applications decrease and so do interest rates

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending January 7, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 3.7 percent from the week before.

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Home purchase mortgage applications decrease slightly; refinance activity ticks up slightly

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending December 31, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 0.8 percent from the week before.

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Home purchase mortgage applications decrease; refinance activity plummets

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending December 10, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 2.5 percent from the week before. The four-week moving average of home purchase mortgage applications is down 1.2 [...]

Home purchase mortgage applications decrease; interest rates on the rise

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending December 10, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 5.0 percent from the week before. The four-week moving average of home purchase mortgage applications is up 2.6 [...]

Home purchase mortgage applications increase hitting 7 month high

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending December 3, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 1.8 percent from the week before. The four-week moving average of home purchase mortgage applications is up 2.8 [...]

Home purchase mortgage applications increase as do interest rates for the week

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending November 26, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 1.1 percent from the week before. The four-week moving average of home purchase mortgage applications is up 3.8 [...]

Home purchase mortgage applications jump as home buyers come to life

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending November 19, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase), after taking a dip last week following increases for the prior three consecutive weeks, increased 14.4 percent from the [...]

Home purchase mortgage applications decline as interest rates jump

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending November 12, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) after increasing three-c0nsecutive weeks, decreased 5.0 percent from the week before. The four-week moving average of home purchase mortgage [...]

Home purchase mortgage applications increase for third consecutive week; interest rates hold steady

Dennis Norman

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending November 5, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 5.5 percent from the week before marking the third consecutive weekly increase. The four-week moving average [...]

Home purchase mortgage applications increase; refinance activity drops for third-straight week

Dennis Norman

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending October 29, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 1.4 percent from the week. The four-week moving average of home purchase mortgage applications is down [...]

Home purchase mortgage applications increase as interest rates fall slightly

Dennis Norman

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending October 22, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 3.9 percent from the week. The four-week moving average of home purchase mortgage applications is down [...]