Appraisal Management News

Mortgage Applications Up First Time in Month: MBA

leave a comment »

CNBC.com

Applications for U.S. home mortgages rose for the first time in a month last week as interest rates eased and purchase activity picked up, an industry group said on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 5.3 percent in the week ended April 15.

That was driven by a 10 percent increase in the gauge of loan requests for home purchases, sending the purchase index to its highest level since early December.

The MBA’s seasonally adjusted index of refinancing applications gained 2.7 percent Fixed 30-year mortgage rates averaged 4.83 percent in the week, down from 4.98 percent the week before.

appraisal services, appraisal management company, coester appraisal, fha minimum property standards, best appraisal management company, reverse mortgage appraisal companies

Advertisements

Written by appraisalmanagementnews

April 20, 2011 at 5:51 pm

Posted in Mortgage News

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: