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Federal Funds Rate Drop Does Not Mean a Drop in 30 Year Fixed Rate Mortgages
The details on why a drop in the Federal Funds Rate does not necessarily mean a drop in 30 year fixed rate mortgages.
1 Comment Posted by: Bill Gassett on 04/22/08 in Mortgages

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Avoiding foreclosure
Protecting your investment, understanding home financing and avoiding foreclosure.
0 Comments Posted by: Sandra Naroian on 04/22/08 in Mortgages

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National Average Rates
A weekly average on rates across the country.
0 Comments Posted by: Greg Afarian on 04/15/08 in Mortgages

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Refinancings Boost US Mortgage Applications
U.S. home loan applications climbed last week, as lower mortgage rates spurred demand for refinancings and overshadowed a small drop in applications to buy houses, an industry group said on Wednesday. The Mortgage Bankers Association's seasonally adjusted mortgage application index rose 2.5 percent to 743.4 in the week ended April 11. It was the second weekly increase in the volatile gauge of mortgage applications, pushing the measure well above a reading of 630.6 a year earlier.
0 Comments Posted by: Greg Afarian on 04/16/08 in Mortgages

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Mortgage application volume rises slightly as rates fall
Mortgage application volume increased 2.5 percent during the week ending April 11, according to the Mortgage Bankers Association's weekly application survey. The MBA's mortgage application index rose to 743.4 from 725.6 the previous week. Refinance volume increased 5.2 percent during the week, while purchase volume fell 0.8 percent. Refinance applications accounted for 53.5 percent of total mortgage applications. The index peaked at 1,856.7 during the week ending May 30, 2003, at the height of the housing boom.
0 Comments Posted by: Greg Afarian on 04/16/08 in Mortgages

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Mortgage Applications Decrease In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 18, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 637.6, a decrease of 14.2 percent on a seasonally adjusted basis from 743.4 one week earlier. On an unadjusted basis, the Index decreased 13.4 percent compared with the previous week and was down 3.2 percent compared with the same week one year earlier.
0 Comments Posted by: Greg Afarian on 04/25/08 in Mortgages

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Mortgage rates rise modestly
The benchmark 30-year fixed-rate mortgage rose 8 basis points, to 6.11 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of 0.43 discount and origination points. One year ago, the mortgage index was 6.27 percent; four weeks ago, it was 5.95 percent.
0 Comments Posted by: Greg Afarian on 04/25/08 in Mortgages