Even as housing prices drop across the country, fewer people appear close to buying a home.
The Mortgage Bankers Association reports that the volume of mortgage applications fell last week to the lowest level in nearly eight years. Additionally, the group says applications are down 61 percent from this year’s peak in February.
The decline in new [...]
Entries from August 2008
Mortgage Applications at lowest level in eight years, FDIC: New 3% mortgage rates for some IndyMac borrowers
August 20th, 2008 · No Comments
Tags: Mortgage Notes · Mortgage Refinancing
A Very Mortgage Related Cartoon
August 16th, 2008 · No Comments
Source: Slate
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Tags: Mortgage Notes
Fannie Mae and Freddie Mac to Raise Mortgage Costs
August 16th, 2008 · No Comments
The two biggest sources of mortgages for American home buyers plan to raise their base fees to counter what they see as continuing “adverse conditions” in the real estate marketplace.
At the same time, however, Fannie Mae and Freddie Mac — which currently fund more than three-quarters of all new home loans — also plan to [...]
Tags: Mortgage Notes · Mortgage Refinancing
