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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 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 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 Continue reading… Home Purchase Mortgage Applications Increase Slightly for Third-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. 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 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 Continue reading… Cheap Mortgage Interest Rates Not Bringing Out Home-buyers 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 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 Continue reading… Home Mortgage Purchase Applications Drop Again 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 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 Continue reading… Home Mortgage Purchase Applicants Drop Again; Fifth Consecutive Week of Declines 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 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 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
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 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 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
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
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
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 Continue reading… Mortgage Interest Rates Increase after Fed Pulls out of Market 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 After Two Weeks of Increases, Home Loan Applications Decrease 1.9 Percent Last Week
Dennis Norman The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending March 12, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 1.9 percent Continue reading… Mortgage Interest Rates Drop Back Below 5 Percent; Home Loan Applications Decrease 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 Continue reading… Mortgage Interest Rates Inch Back up Slightly 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 Continue reading… Mortgage Interest Rates Drop Back Below 5 Percent 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 Continue reading… Mortgage Loan Rates Remain Low – Fewer Home Buyers Taking Advantage 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 Continue reading… 30 Year Mortgage Interest Rates Drop Below 5 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 Continue reading… Mortgage Interest Rates Hold Steady-Loan Applications Jump Over 20 Percent 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 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 Continue reading… Mortgage interest rates drop slightly-Mortgage applications increase 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 week Continue reading… Mortgage interest rates creep up slightly 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 Continue reading… MBA’s Purchase Index for mortgages drops again; Now at lowest level in 12 years |
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