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Mortgage applications drop 3.7% as refinancing hits 8-year low | Latest News

Mortgage applications drop 3.7% as refinancing hits 8-year low

A slowdown in refinancing pulled down the total mortgage application volume last week as changes to certain government-loan programs made refinances less lucrative. Refinance volume now stands at its lowest level since June 2009. Refinance volume now ... read more

US mortgage applications rise as interest rates drop-MBA

NEW YORK Nov 13 U.S. mortgage applications rose last week, recovering from an almost 8-year low, as potential borrowers took advantage of a sharp drop in interest ... was down 3.7 percent. WEEKLY REFINANCING ACTIVITY JUMPS The group's seasonally adjusted ... read more

CYS Investments' (CYS) CEO Kevin Grant on Q4 2016 Results - Earnings Call Transcript

In the US about 10,000 people per day are hitting age 65 or about 3.7 million per year. Some of these people of course have already left the workforce and some could remain in it for a while. DHS tells us that they process about 6 million applications and ... read more

Consumer prices fall in August

The Labor Department reported that consumer prices fell by 0.1% in August. It was the first decline since a 0.4% drop ... Mortgage foreclosures are expected to rise even further as an estimated 2 million adjustable-rate mortgages with low teaser rates ... read more

Saba Tailor Akber

Refinance applications using FHA loans increased 76.5% after the drop in mortgage insurance premiums. FHA purchase applications increased 12.4%, according to the MBA. Winter is tough on roofs. Often, it’s when the cold, windy, and wet weather hits that ... read more

Low Mortgage Rates : Should You Automatically Refinance?

Mortgage agency Freddie Mac says the average 30-year mortgage rate is still near its three-year low. But the group predicts an increase to 3.7 percent ... cases, refinancing may be a very smart move. When you refinance out of a high rate, you drop your ... read more

Cashin connects dots on strong dollar stock drop

"They kind of let Greece slide yesterday. The Greek banks [were] down 10 percent in some cases." The drop in oil prices might not be that much of an economic gift, at least in the near term, Cashin said, with Caterpillar casting blame on collapsing crude ... read more

California Pending Home Sales Spike as Short Sales Drop

30 of the 38 reported counties posted a month-to-month drop in distressed sales ... and sales of homes over $800,000 were up 5.4%. Inventory remains low, particularly of non-distressed properties. CAR’s Unsold Inventory Index for equity sales fell ... read more

Mortgage Loan Rates Drop to Near 4%

Adjustable rate mortgage loans accounted for 9.4% of all applications, up from 8% in the prior week, and the highest percentage since June of 2008. The MBA’s refinance index increased by 23%, after rising by 11% in the previous week. The share of ... read more

These factors drove record November auto

November's record U.S. auto sales were driven by pent-up demand, low borrowing costs and exciting product lines, says John Humphrey, senior VP and GM of the global automotive practice at J.D. Power and Associates. read more
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