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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

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

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

Continue reading… Home purchase mortgage applications increase as interest rates fall slightly

Home purchase mortgage applications drop; interest rates creep up slightly

Dennis Norman

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending October 15, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 6.7 percent from the week. The four-week moving average of home purchase mortgage

Continue reading… Home purchase mortgage applications drop; interest rates creep up slightly

Home purchase mortgage applications drop but refinancing surges

Dennis Norma

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending October 8, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 8.5 percent from the week.  The four-week moving average of home purchase mortgage applications

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Home purchase mortgage applications jump to highest level since tax credits

Dennis Norma

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending October 1, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 9.3 percent from the week before reaching it’s highest level since May 7, 2010.

Continue reading… Home purchase mortgage applications jump to highest level since tax credits

Home Purchase Mortgage Applications decline again in spite of 15 year interest rates hitting record low

Dennis Norman

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending September 17, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 3.3 percent from the week before. The four-week moving average of home purchase mortgage

Continue reading… Home Purchase Mortgage Applications decline again in spite of 15 year interest rates hitting record low

Home Purchase Mortgage Applications and interest rates down slightly

Dennis Norman

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending September 10, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased a modest 0.4 percent from the week before. The four-week moving average of home

Continue reading… Home Purchase Mortgage Applications and interest rates down slightly

Home Purchase Mortgage Applications Increase; still 40 percent below a year ago

Dennis Norman

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending September 3, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 6.3 percent from the week before. The four-week moving average of home purchase mortgage

Continue reading… Home Purchase Mortgage Applications Increase; still 40 percent below a year ago

Mortgage Interest Rates Hit New Lows This Week; Refinancing Hits 15 Month Hig

Dennis Norman

Interest rates dropped to new record lows this past week bring out existing homeowners to refinance their existing mortgages and even bringing out some homebuyers.

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending August 27, 2010, the MBA Purchase Index (a measure of the

Continue reading… Mortgage Interest Rates Hit New Lows This Week; Refinancing Hits 15 Month High

Refi's Shoot Up to Highest Level in Over a Year; Home Purchase Mortgage Applications Drop

Dennis Norman

Record-low interest rates have brought out existing homeowners to refinance their existing mortgages at lower rates….however, the rates don’t seem to be having the same effect on home-buyers who still seem reluctant to pull the trigger and buy a home.

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the

Continue reading… Refi’s Shoot Up to Highest Level in Over a Year; Home Purchase Mortgage Applications Drop

15 and 30 Year Mortgage Rats Hit All-Time Lows; Applications Increase slightly

Dennis Norman

For the fourth-consecutive week, there has been a little increase in consumers applying for a mortgage to buy a home. According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending August 6, 2010, the MBA Purchase Index (a measure of the volume of

Continue reading… 15 and 30 Year Mortgage Rats Hit All-Time Lows; Applications Increase slightly

Home Purchase Mortgage Applications Increase Slightly for Third-Consecutive Week

Dennis Norman

For the third consecutive week, there has been a little increase in consumers applying for a mortgage to buy a home.   According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending July 30, 2010, the MBA Purchase Index (a measure of the volume of

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Home Purchase Mortgage Applications Increase Slightly for Second Consecutive Week

Dennis Norman

With mortgage rates near an all-time low one might expect a lot more people taking advantage and buying a home. However, even low interest rates have not been enough to fire up home-buyers although, for the second consecutive week, there has been a little increase in activity.

Record-Low Interest Rates Spur Refinancing; Home Purchase Mortgage Applications Increase Slightly

Dennis Norman

Last week I said that in my real estate career I’ve not seen a time that lower interest rates didn’t spur some sort of activity in the market.  Finally, it happened, at least a little.   According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending July

Continue reading… Record-Low Interest Rates Spur Refinancing; Home Purchase Mortgage Applications Increase Slightly

Cheap Mortgage Interest Rates Not Bringing Out Home-buyers

Dennis Norman

I’ve been in the real estate business for over 30 years now and hate to admit that I’m witnessing something now I’ve never seen before.  Throughout my career I’ve seen the real estate market struggle at times usually at the hands of a recession, stagflation, high interest rates, high unemployment or some other

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Home Mortgage Purchase Applications Decrease; Rates Near Historic Lows

Dennis Norman

While near historic-low mortgage interest rates are causing homeowners to refinance their existing mortgages, it does not appear the rates are bringing out the home-buyers.  According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending July 2, 2010, the MBA Purchase Index (a measure of the

Continue reading… Home Mortgage Purchase Applications Decrease; Rates Near Historic Lows

Home Mortgage Purchase Applications Drop Again

Dennis Norman

After last weeks increase in loan applications from borrowers buying homes which broke a string of five consecutive weeks of decreases, the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending June 18, 2010 decreased from the prior week. The MBA Purchase Index (a measure of the

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Home Mortgage Purchase Applications Increase; First Time in Six Weeks

Dennis Norman

After five consecutive weeks of decreases, the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending June 11, 2010 increased from the prior week. 7.3 percent. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a

Continue reading… Home Mortgage Purchase Applications Increase; First Time in Six Weeks

Home Mortgage Purchase Applicants Drop Again; Fifth Consecutive Week of Declines

Dennis Norman

I hate to say it, but, as the legendary Willie Nelson song goes, “Turn out the lights.  The party’s over”

Back around November of last year I first wrote about the concern I had about the home-buyer tax credit program having the effect of a “sugar-rush” on the real estate market.  I was afraid

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Home Purchase Mortgage Applications Continue to Decline

Dennis Norman

Mortgage Applications Continue to Indicate Home Sales Are Slowing

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending May 28, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase), after decreasing in each of the three

Continue reading… Home Purchase Mortgage Applications Continue to Decline

Home Purchase Loan Applications Drop to Lowest Level Since 1997

Mortgage Applications Indicate Home Sales Are Slowing

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending May 21, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase), after decreasing a total of 36.6 percent during the

Continue reading… Home Purchase Loan Applications Drop to Lowest Level Since 1997

Home Purchase Mortgage Applications Last Week Plummet; Interest Rates Decrease Slightly

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending May 14, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase), after decreasing 9.5 percent the prior week, plummeted 27.1 percent for the week. The

Continue reading… Home Purchase Mortgage Applications Last Week Plummet; Interest Rates Decrease Slightly

Home Mortgage Applications Last Week Drop; Interest Rates Declined Slightly

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending May 7, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase), after increasing the during each of the last three weeks, decreased 9.5 percent from the

Continue reading… Home Mortgage Applications Last Week Drop; Interest Rates Declined Slightly

Interest Rates On Home Loans Drop Slightly - Home Purchase Loan Activity Up 24 Percent From Last Month

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending April 30, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase), after increasing the during each of the last two weeks, increased a whopping 13.0 percent

Continue reading… Interest Rates On Home Loans Drop Slightly – Home Purchase Loan Activity Up 24 Percent From Last Month

Interest Rates Increase Slightly; Home Loan Applications Rise Again This Week

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending April 23, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 7.4 percent from the week before. The four-week moving average of home purchase mortgage

Continue reading… Interest Rates Increase Slightly; Home Loan Applications Rise Again This Week

Interest Rates Drop Back Down Near 5 - Home Loan Applications Jump

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending April 16, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 10.1 percent from the week before. The four-week moving average of home purchase mortgage

Continue reading… Interest Rates Drop Back Down Near 5 – Home Loan Applications Jump

Mortgage Interest Rates Recede as Do Home Loan Applications

Dennis Norman

Home Loan Application Activity Index at 3rd Lowest Level Since June 2009

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending April 9, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 10.5 percent from

Continue reading… Mortgage Interest Rates Recede as Do Home Loan Applications

Mortgage Interest Rates Increase after Fed Pulls out of Market

Dennis Norman

Interest Rates at Highest Level Since August 2009

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending April 2, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 6.8 percent from the week before and

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Home Loan Applications Increase As Buyers Race to Beat Tax Credit Deadline

Homebuyer Tax Credit Extended Deadline is April 30, 2010 – Mortgage Applications Increase As Deadline Draws Near

Dennis Norman

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

Continue reading… Home Loan Applications Increase As Buyers Race to Beat Tax Credit Deadline

Fed support of mortgage market to end by month-end

Dennis Norman

The Federal Reserve announced it will stop purchasing mortgage-backed securities by the end of March.

In November, 2008, the Federal Reserve announced, in an effort to help the housing market, it would purchase mortgage-backed securities.  Then, in March, 2009, the Fed increased the total amount of money they would invest in such securities to

Continue reading… Fed support of mortgage market to end by month-end