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Dennis Norman By: 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 Continue reading… Interest rates increase; loan apps drop 16.7 percent Dennis Norman By: Dennis Norman Today, testifying before The US House of Representatives Small Business Committee, the Mortgage Bankers Association (MBA) told the committee that the current credit cycle and recession began in the U.S. housing market, and recovery will not be complete until the current oversupply of house on the market has dramatically decreased. The MBA Continue reading… MBA urges US House Small Business Committee to Extend and Expand Homebuyer Tax Credit Dennis Norman By: Dennis Norman The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending August 21, 2009. The Market Composite Index, a measure of mortgage loan application volume, increased 7.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 6.3 percent compared Continue reading… Mortgage applications and interest rates increase |
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