Home loan demand rises as interest rates tumble
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Mortgage applications rose for a  second straight week, fueled by demand for home loans as  interest rates sank to their lowest since May, an industry  group&#39;s figures showed Wednesday.
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Business & money: Average interest rates on personal loans have jumped to almost double the advertised rate
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Mortgage rates are nearing a five-year high, raising the cost of home ownership for buyers by hundreds or thousands of dollars a year at a time when real estate markets are struggling with tepid demand and a surplus of houses for sale.
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Mortgage applications rose last week to the highest level in four months, according to a private survey. The survey, the Mortgage Bankers Association&#39;s gauge of loan applications, increased 7.7 percent to
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Mrtgage applications rose slightly last week as a jump in refinancing demand overshadowed a drop in demand for loans to buy houses, an industry group said on Wednesday.
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Applications for U.S. home mortgages  fell in the last week as mortgage rates edged higher and  refinancing applications fell, an industry group said on  Wednesday.
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Another rise in interest rates, the fifth this year, is likely to hit homeowners and property investors. The Reserve Bank today increased the Official Cash Rate (OCR) by a quarter of one per cent to 6.25 per cent.
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Shares of retailers and home builders rose on expectations of more interest rate cuts, but those of banks and insurers fell on worries about further mortgage debt troubles.
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NEW YORK  - New applications for U.S. home loansrose last week to their highest level in four months eventhough mortgage rates ticked upward from their recent lows, anindustry group said on Wednesday.
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Higher customer fees offset rising loan losses and pressure from interest rates and mortgage lending.
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New applications for U.S. home  mortgages rose last week as lower interest rates spurred  purchases, an industry group said on Wednesday.
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US mortgage applications climbed 12 percent last week as the lowest mortgage rates in four months prompted consumers to buy homes and refinance loans.
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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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Mortgage applications rose for a  second straight week as interest rates sank to their lowest  since May, data from an industry trade group showed 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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Rates on 30-year and one-year mortgages climbed this week, while rates on some other home loans didn't budge.
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The rate of house price growth more than halved in June in the face of higher interest rates, a report claims.