Home loan demand off as rates hit 7-month high
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U.S. mortgage applications fell last week, weighed down by a plunge in demand for home refinancing as interest rates reached seven-month highs, an industry group said on Wednesday.
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Long-term mortgage rates tumbled to six-month lows this week amid concerns the economic expansion may be losing steam. Defying expectations earlier this year that it would now hover around 6.5 percent, the
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Industrial orders have jumped to a six-year high this month, a survey showed yesterday as a sharp fall in mortgage approvals pointed to a slowdown in the housing market.
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Applications for home mortgages  tumbled last week as short-term interest rates soared and  refinancing requests fell back to November levels, an industry  group said on Wednesday.
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MORTGAGE lending fell again last month, a further sign that the housing bubble has burst. About Â£25.4bn was lent by banks and building societies last month, down 4% on August and the second monthly fall in
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New applications for U.S. home loans rose last week to their highest level in four months even though mortgage rates ticked upward from their recent lows, an industry group said on Wednesday.
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Demand for new home loans and refinancings jump as interest rates slide amid weak economic reports. NEW YORK  - New applications for US home loans rose last week while refinancings surged, as 30-year mortgage interest rates fell to their lowest ...
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A sharp and surprising downturn in Britain&#39;s economy made the City predict yesterday that interest rates have peaked, and signs emerged that the higher cost of borrowing is putting the brakes on the housing market and the manufacturing sector.
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WASHINGTON -- Late payments and new foreclosures on adjustable-rate home mortgages made to people with spotty credit histories spiked to all-time highs in the first three months of this year.
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Countrywide Financial Corp., its stock pummeled this week by rumors of bankruptcy and lackluster housing market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans last month rose, signaling worsening trouble for the nation's largest mortgage lender and for the entire mortgage sector.
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WASHINGTONâUS consumers were tightfisted with money amid soaring gasoline costs in August and hurricane-related disruptions last week sent applications for jobless benefits to their highest level in seven months.
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Business & money: Average interest rates on personal loans have jumped to almost double the advertised rate
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Defaults on privately insured mortgages rose 34.7 percent in November to the highest level on record, reflecting the inability of a growing number of homeowners to keep current on their loan payments.
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New applications for U.S. home loans climbed last week, as most mortgage rates fell from the previous week, an industry group said on Wednesday.
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New applications for U.S. home loans  climbed last week, as most mortgage rates fell from the  previous week, an industry group said on Wednesday.
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New applications for U.S. home loans  fell last week as 30-year mortgage rates reached their highest  levels in a month, an industry group said on Wednesday.
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In another indication of increasing consumer debt, a new federal report has found that the percentage of borrowers who turned to high-cost loans to buy or refinance their houses rose last year.