Interest Rate Markets News     Click to continue . . .

  •   Mortgage Applications Decrease Slightly In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 8, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 425.9, a decrease of 1.5 percent on a seasonally adjusted basis from 432.6 one week earlier. On an unadjusted basis, the Index decreased 2.2 percent compared with the previous week and was down 36.9 percent compared with the same week one year earlier.
Mortgage Bankers Association of America,John Ferber,Washington District of Columbia  08/18/2008

  •   Mortgage Credit News - August 15, 2008
Mortgage rates are falling, almost 6.50% with the lowest fees. All other interest rates are headed down as well, on glide path parallel to the global economy: the 10-year T-note to 3.83% (traded 4.10% only a week ago), and the 2-year down to 2.37% acknowledges zero probability of a Fed rate hike from its current 2% overnight rate.
Boulder Mortgage Bank,Lou Barnes,Boulder Colorado  08/18/2008

  •   MBA Study Shows Government-Insured Share of Mortgage Applications for July Tripled in the Past Year
The government-insured share of mortgage applications tripled in the past year according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. Of all mortgage applications accepted during the month of July 2008, 29.1 percent were for government-insured loans (consisting of mostly FHA loans) compared to 8.4 percent in July 2007.
Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia  08/18/2008

  •   Mortgage Credit News - August 8, 2008
Mortgage rates are a hair lower, under 6.75% now, but spreads to Treasurys have widened despite overt Treasury backing of Fannie and Freddie.
Boulder Mortgage Bank,Lou Barnes,Boulder Colorado  08/08/2008

  •   Pending Home Sales Rise, Wider Gains Anticipated as Buyers Tap Housing Provisions
Some improvement is projected for existing-home sales in the months ahead, with broader gains seen by the fourth quarter as buyers take advantage of new provisions provided through the recently passed housing stimulus bill, according to the latest forecast by the National Association of Realtors(R).
National Association of Realtors®,Walter Molony,WASHINGTON DC  08/08/2008

  •   Mortgage Applications Slightly Increase In Latest MBA Weekly Survey

Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia  08/06/2008