Tag Archives: Mortgage

UK mortgage approvals hit 15-month low in November – UK Finance

LONDON (Reuters) – British banks approved the fewest mortgages in 15 months in November, when the Bank of England raised interest rates for the first time in more than a decade, industry figures showed on Thursday. FILE PHOTO – A row of houses are seen in London, Britain June 3, 2015. REUTERS/Suzanne Plunkett Banks approved 39,507 mortgages for house purchase ... Read More »

Fixed and Adjustable Mortgage Rates

Mortgage rates can be defined as the rate of interest charged on a mortgage – which is an obligation that allows the borrower to get money, by promising to repay the lender according to an agreed-upon contract. Mortgages are used by individuals and businesses to make large real estate purchases, without paying the entire amount up front – and mortgages ... Read More »

Homebuying, no longer refinancing, drives mortgage applications up 2.3%

slightly higher mortgage costs did no longer deter homebuyers looking for a mortgage remaining week. total loan utility volume improved 2.three percentage on a seasonally adjusted basis for the week as compared to the previous week. applications at the moment are nearly 24 percentage higher thantwelve months in the past, in line with a weekly survey by the mortgage Bankers ... Read More »

mortgage programs drop four.1% over Fed price uncertainty

both packages to refinance a mortgage and to purchase a home fell, as interest quotes maintained agradual climb. Refinance programs decreased 4 percent from the previous week, seasonally adjusted, andpurchase applications decreased five percent. packages for authorities loans, which require very low down bills, fell 6 percentage for the week to the lowest level on the grounds that November. The ... Read More »

Wells Fargo launches 3% down payment mortgage

First-time shoppers and occasional– to moderate–earnings shoppers have in large part been sidelined by means of trendy housing recovery. The not unusual cry is too-tight credit score. lenders have stored the credit box restrictive because they are gun-shy from the billions of greenbacks in buy backs and judicial settlements stemming from themortgage crisis that they nevertheless face nowadays. Now, the ... Read More »

Mortgage applications eke out 0.2% gain

It is fast becoming a tale of two mortgage markets, as interest rates move sideways and refinances dry up. Total mortgage application volume increased 0.2 percent last week on a seasonally adjusted basis, according to the Mortgage Bankers Association. Volume is 20 percent higher than the same week one year ago. Jeff J Mitchell | Getty Images There is now ... Read More »

Mortgage rates could cross a record low

Who knew? The Federal Reserve raised its funds rate barely two months ago, and all that worry about higher interest rates for mortgage borrowers ended up being positively unwarranted. The average rate on the popular 30-year fixed mortgage began a free fall, reacting to financial markets overseas rather than monetary policy here at home. “Mortgage rates are going down again, ... Read More »

Mortgage rates could cross a record low

Who knew? The Federal Reserve raised its funds rate barely two months ago, and all that worry about higher interest rates for mortgage borrowers ended up being positively unwarranted. The average rate on the popular 30-year fixed mortgage began a free fall, reacting to financial markets overseas rather than monetary policy here at home. “Mortgage rates are going down again, ... Read More »

Blizzard may be behind 2.6% drop in mortgage applications

Mortgage rates fell last week, but so did record amounts of snow across much of the East Coast. That may be why total mortgage application volume dropped 2.6 percent on a seasonally adjusted basis for the week from the previous week, according to the Mortgage Bankers Association. Mortgage applications to refinance did eke out a 0.3 percent gain from the ... Read More »

Mortgage applications up 8.8% as buyers look to lower rates

Defying expectations for the start of 2016, mortgage rates spiraled down further last week, spurring more volume in the mortgage market. Total applications increased 8.8 percent on a seasonally adjusted basis last week from the previous week, according to the Mortgage Bankers Association. Refinance applications were behind much of the surge, rising 11 percent from the previous week, seasonally adjusted. ... Read More »