FeedbackQuicken Loans Capital Markets Update for July 8, 2009
Treasury prices are higher this morning as investors continue to seek the relative safety of government debt.
In this morning’s economic news, US mortgage applications rose 11% last week. Refinance activity led the way with a 15% surge while purchase applications increased by 6.7% s foreclosure driven declines in home prices have brought more homes within reach of buyer who qualify for credit.
In other news this morning, May consumer credit is expected to have fallen -$8.8 billion in the month.
That’s all for today! Check back tomorrow for the latest update from Quicken Loans Capital Markets.
Related Information:
- Get today’s mortgage rates..
- A free credit report is waiting for you at Quizzle.
- Buying a home? Get $500 cash back at closing! Learn more about the Quicken Loans $500 Home Buyer Bonus. Available til July 31!
Related posts:
- Quicken Loans Capital Markets Update – Pending Home Sales Show Slight Gain
- Quicken Loans Capital Markets Update – New Homes Sales Report Exceeds Expectations
- Quicken Loans Capital Markets Update – Home Sales Expected to Have Rose By 5%
Tags: Consumer Credit, Foreclosure, Mortgage Applications, Purchase Applications, Treasury Prices
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