Mortgage approvals plummet by 38%
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The number of mortgages approved in December fall for the seventh month in a row, with 38% fewer mortgages approved than a year earlier.
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The homebuilder announced that sales orders tumbled 40% in the third quarter.
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There was a sharp slowdown in mortgage lending last month, says the Council of Mortgage Lenders.
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Average interest rates for U.S.  mortgages dropped for the fourth week in a row, to levels not  seen since the beginning of the year, according to a survey  released by finance company Freddie Mac  on Thursday.
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The number of mortgage approvals fell to a record low during December, industry figures show.
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Applications for U.S. home mortgages  fell last week as refinancing activity slumped and mortgage  rates were little changed, an industry group said on Wednesday.
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Figures showing falling mortgage approvals and rising repossessions suggest interest rate rises are being felt.
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New applications for U.S. home loans fell last week as 30-year mortgage rates declined to their lowest level since late March, an industry group said on Wednesday.
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Despite relatively low mortgage rates,  U.S. applications for home loans dropped last week as a  decrease in purchasing activity offset an increase in  refinancing activity, an industry group said on Wednesday.
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Applications for U.S. home loans fell  6.3 percent last week after a brief bounce in early August  spurred by a drop in mortgage rates, an industry group said on  Wednesday.
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Business & money: The number of new mortgage approvals fell to its lowest level in over two years in September.
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Average interest rates for U.S. mortgages dropped for the fourth week in a row, to levels not seen since the beginning of the year, according to a survey released by finance company Freddie Mac  on Thursday.
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A disappointing November employment report helped push mortgage rates lower this week, according to Freddie Mac&#39;s weekly mortgage survey.
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Mortgage lending fell 4% in September, the Council of Mortgage Lenders says - a further sign that the housing market is slowing.
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The Mortgage Bank Association announced a decline in home loan appilcations. Department of Labor announces a spike in CPI rates.
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Concern about interest rate hikes, the drop in new home construction, and tighter business inventories contributed to the decline.
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Investor's Business Daily - The Mortgage Bankers Association&#39;s mortgage application index fell 3.4% to 643.7 in the week ended June 15, but was still up 13.2% compared with the same week last year. The purchase index slid 3% to 450.9 while the refinancing index fell 4.2% to 1,776.8.