With interest rates falling in the last week, consumers took advantage according to the latest Weekly Mortgage Applications survey from The Mortgage Bankers Association (MBA).
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Archive | Market Update
Housing Starts Slip in January
by Clayton Closson on February 16, 2007 in Market Update
The number of new homes being constructed fell last month, however, the housing market continues to show signs of stabilization. What will the rest of the year hold for us?
Refinance Applications Move Higher in Latest Report
by Clayton Closson on February 15, 2007 in Market Update
The number of people applying for mortgages remain strong. Homeowners continue to refinance out of adjustable rate mortgages (ARMs) in favor of the security of fixed-rate mortgages. Will this trend continue?
Housing Market Stabilizes Mortgage Activity
by Clayton Closson on January 31, 2007 in Market Update
Following signs of a stabilizing housing market, mortgage application activity is also beginning to show signs of stabilization. How do long-term interest rates look and what can we expect in the near future?
Stabilizing Market Causes Fed to Hold Rate
by Clayton Closson on January 31, 2007 in Market Update
The Federal Reserve has opted to keep short-term interest rates at their current levels. What does this mean for the housing market and what does the Fed plan to do in the future?
New Home Sales Post Second Straight Month of Gains
by Clayton Closson on January 26, 2007 in Market Update
Sales of new homes looks good for the second month in a row, having increased in December. This is good news for the housing market, considering the real estate industry has received discouraging news this week. How will this affect what the Federal Reserve does when they meet about rates next week?
What Is a First-Lien HELOC?
by Clayton Closson on January 26, 2007 in Market Update
Getting a first-lien home equity line of credit offers great tax advantages while allowing you to make large purchases without paying a high interest rate. So, what is a first-lien HELOC and when should you get one?
Existing Home Sales Dip, but Rates Still Favorable
by Clayton Closson on January 25, 2007 in Market Update
Sales of existing homes has dropped recently and unexpectedly. How will this report affect the housing market and what information will the New Home Sales report say tomorrow?
Mortgage Applications Decrease; Fed to Meet
by Clayton Closson on January 24, 2007 in Market Update
Mortgage applications for refinances and home purchases has fallen for the first time in a month; something the housing market did not expect. What will the home sales reports tell us about where the market is headed for the near future?
Mortgage Application Rise; Market Shows Signs of Stabilizing
by Clayton Closson on January 3, 2007 in Market Update
Despite the holiday week, applications for mortgages are still on the rise. This is indicative of a stabilizing housing market, but will it continue through 2007?
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