Mortgage loan applications surged 23% last week, according to the Mortgage Bankers Association, as record-low interest rates convinced many homeowners it was time to refinance into lower-cost loans.
In another hit to the beleaguered housing market, a report out Monday found that the number of delinquent mortgage borrowers -- those who have missed at least one payment -- rose during the second quarter.
Mortgage delinquency rates among U.S. homeowners have fallen to their lowest levels in a few years, according to a report Thursday from the nation's mortgage bankers.
Housing markets will remain flat, flat, flat in 2011, according to forecasts from the Mortgage Bankers Association.
Fewer mortgage borrowers are delinquent on their loan payments, according to the latest data from the Mortgage Bankers Association.
Mortgage applications to buy a home plunged last week - to the lowest level in more than 13 years - as the housing recovery continued to struggle following the expiration of the homebuyer tax credit, an industry group said Wednesday.
Mortgage applications fell last week for the third week in a row, even as interest rates edged lower, an industry group said Wednesday.
Mortgage applications plunged last week as rates ticked higher above 5%, an industry group said Wednesday, as the expiration of a home buyer tax credit drew nearer.
Mortgage applications surged last week as interest rates on home loans remained low, an industry group said Wednesday.
Despite all the hand-wringing and attempts to contain the foreclosure plague, the problem still spread during the first three months of 2009, as the number of foreclosure actions started hit a record high, according to a quarterly report.
More than 11% of all mortgages are either delinquent or in foreclosure, according to an industry report released Thursday.
Borrowers streamed back into the mortgage market last week as loan applications jumped nearly 17%, according to a regular survey from the Mortgage Bankers Association.
In yet another sign of the economic crisis, the Mortgage Bankers Association said Wednesday that mortgage applications plunged 23% last week.
Home foreclosures soared to an all-time high in the final quarter of last year, underscoring the suffering of distressed homeowners and the growing danger the housing meltdown poses for the economy
Two bills before Congress would give bankruptcy court judges the authority to reduce mortgage debt, which could save thousands of borrowers from foreclosure.
Mortgage application volume declined 2.8 percent during the week ending Sept. 21, according to the Mortgage Bankers Association's weekly application survey.
Mortgage application volume increased 2.4 percent for the week ending Sept. 14, according to trade group the Mortgage Bankers Association.
Mortgage applications climbed last week, according to the latest report by the Mortgage Bankers Association published Tuesday.
The delinquency rate for mortgage borrowers spiked higher in the second quarter and the number of homes entering the foreclosure process hit a record high, according to a report released Thursday.
Mortgage application volume increased 1.3 percent in the past week, according to a report Wednesday.
Applications for U.S. residential mortgages fell last week for the first time in three weeks, weighed by a sharp drop in demand for home-purchase and refinancing loans, an industry group said Wednesday.
U.S. mortgage applications rose for the second straight week, driven by growing demand for refinancing and home purchase loans, an industry group said Wednesday.
The volume of mortgage applications slid last week to their weakest level in more than five months, an industry group said Wednesday, as demand for loans to buy homes eroded amid escalating credit concerns.
Mortgage applications fell for the first time in four weeks, touching a five-month low and largely reflecting a drop in demand for home purchase loans, an industry group said Wednesday.
Mortgage applications rose last week, fueled by increased demand for home purchase loans even as interest rates hit their highest level in nearly a year, an industry group's data showed Wednesday.
U.S. mortgage applications were little changed from the prior week, with an increase in demand for loans to buy homes offset by a drop in applications to refinance, an industry group said Thursday.
Mortgage rates eased slightly for the second week in a row after taking their biggest jump in four years two weeks ago, Freddie Mac said Thursday.
Applications to buy and refinance homes dropped last week, an industry trade group said Wednesday, the latest sign that U.S. housing remains mired in a downturn.
Mortgage applications resumed their recent runup last week, despite an increase in interest rates, according to the latest report by the Mortgage Bankers Association.
Mortgage applications climbed for the third straight week, according to the latest report by the Mortgage Bankers Association, helped by an increase in both refinancing and purchasing activity.
Mortgage applications inched higher last week despite a dip in refinancing activity, according to the latest report by the Mortgage Bankers Association.
Mortgage applications ended their five-week decline last week, according to the latest report by the Mortgage Bankers Association, helped by a decline in interest rates.
Mortgage applications continued their recent decline last week, falling for the fifth straight week, according to the latest report by the Mortgage Bankers Association.
Mortgage applications in the U.S. declined for the fourth straight week as a decline in refinancing activity offset an increase in new home applications, according to the latest report by the Mortgage Bankers Association.
A record high number of homeowners faced a serious threat of foreclosure during the fourth quarter of 2006, according to a survey released Tuesday by the Mortgage Bankers Association.
Mortgage applications rose as interest rates fell to their lowest level in 14 months, an industry trade group reported Wednesday.
Mortgage applications continued its downward fall despite a drop in mortgage rates to their lowest level since January, an industry trade group's data showed Wednesday.
U.S. mortgage applications fell last week on a drop in refinancing activity as interest rates ticked higher, an industry trade group said Wednesday.
U.S. mortgage applications rebounded last week from 4-year lows as mortgage rates slipped across the board, an industry trade group said Wednesday.
U.S. mortgage applications fell last week as the 30-year mortgage rate reached a four-year high, an industry trade group said Wednesday.
The number of people applying for home loans fell last week, an industry group said Wednesday.
The number of people applying for mortgages fell last week, led by a sharp drop in refinancing applications, an industry group said Wednesday.
Interest rates are on the rise. The yield on the 10-year Treasury-bond yield zoomed past the 5 percent mark Thursday -- its highest level in four years.
Millions of mortgage borrowers are entering their "danger years," when delinquencies peak and owners risk losing their homes.
We're watching bond yields, and therefore mortgage rates, rise and mortgage applications fall, signaling perhaps a bit more cooling off in the hot housing market.
The Mortgage Bankers Association raised its outlook for home sales through 2007 on Tuesday, although the trade group still sees a slowing in the real estate market in 2006 and 2007.
Money Magazine: Bubble Watchupdated: Fri Jul 01 2005 00:01:00
ALL IS WELL 4.2% Latest delinquency rate for residential mortgages
The fruits (source?) of Mr. Greenspan's frustrating bond market conundrum are illustrated in today's weekly numbers from the Mortgage Bankers Association.
Applications for U.S. home mortgages increased last week as U.S. consumers came out in droves to refinance their existing loans, an industry group said Wednesday.
Rising interest rates will put a brake on home sales in coming years, but steady economic growth and low unemployment should keep housing prices from slipping, a forecast said Thursday.
BEND, Ore. (CNN/Money) - What's in the cards for the housing market in 2004?
CNNMoney: The refi beat goes onupdated: Wed Jan 14 2004 08:29:00
Is there anybody left in the country who has not purchased a new home or refinanced their old mortgage?
Money Magazine: The MONEY rate update updated: Wed Jul 01 1992 00:01:00
Lower interest rates will save homeowners with ARMs and refinancers about $12 - billion in mortgage payments this year compared with 1991, according to projections by the Mortgage Bankers Associati...
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