Tag Archives: MBA weekly mortgage activity

Why Are Mortgage Rates At Historical Lows?

The Mortgage Corner Mortgage rates continued to tumble over the past week as investors fled to the safety of government bonds, pushing Treasury yields down, mortgage provider Freddie Mac said Thursday. This is no surprise given the geopolitical uncertainties buffeting … Continue reading

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No Recession Is In the Cards

Financial FAQs There is a growing consensus among economists that recovery from the Great Recession will continue for several more years. This is in part because there are really no signs of a looming recession. Inflation is still too low, … Continue reading

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Housing In Recovery-Pending Home Sales Soar

The Mortgage Corner February Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 3.1 percent to 106.9 in February from a slight downward revision of 103.7 in January and is now 12.0 percent above February 2014 (95.4). … Continue reading

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Mortgage Applications Increase Incredible 49 percent in January

The Mortgage Corner Mortgage applications increased 49.1 percent from one week earlier, said the just released Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending January 9, 2015. It was the largest increase since 2008 at the start … Continue reading

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Existing-Home Sales Slow in January

The Mortgage Corner Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 5.1 percent to a seasonally adjusted annual rate of 4.62 million in January from 4.87 million in December, and are 5.1 … Continue reading

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Will Interest Rates Continue to Rise?

The Mortgage Corner We think not.  Interest rates are rising, mainly due to some Fed Governors saying they may begin to end the QE3 purchase of securities later this year. But that is based on overly optimistic growth projections by … Continue reading

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Shadow Inventory of Bad Loans Still Too High

Financial FAQs The shadow inventory of troubled homes fell to about 2 million in April, down 18 percent from the same period in the prior year, and down 34 percent from a peak of 3 million in early 2010. But … Continue reading

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