Mortgage Applications Jump in Aug 13 Week
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New applications for U.S. home loans rose last week while refinancings surged, as 30-year mortgage interest rates fell to their lowest level in over four months, an industry group said on Wednesday.
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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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New applications for U.S. mortgages  for both refinancing and home purchases climbed last week, as  most mortgage rates fell from the previous week, an industry  group said on Wednesday.
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Investor's Business Daily - The 30-year fixed mortgage rate averaged 6.53% in the week ended June 7, up from 6.42% last week and the highest since Aug., Freddie Mac said. It was at 6.62% last year. The 15-year fixed rate rose 0.1 point 15 6.22%. &quot;Mortgage rates climbed this week owing to market concerns of a tight labor force and wage growth,&quot; said Frank Nothaft, Freddie Mac vice president and chief economist. He said housing probably won&#39;t recover before year-end.
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Interest rates on US 30- and 15-year mortgages rose just slightly this week following a government report of more jobs in July and August and Federal Reserve testimony that the economy &quot;regained some traction,&quot; mortgage
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Mortgage rates rose this week, with the 30-year loan finally inching higher after falling for eight weeks. Thirty-year fixed-rate mortgages averaged 5.82 percent in the week ending Thursday
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Investor's Business Daily - The Mortgage Bankers Assoc.&#39;s mortgage applications index rose 5.5% in the week ended Sept. 7 as interest rates fell to the lowest since May. Analysts said tighter lending standards may be prompting borrowers to file more than one application. The average 30-year fixed mortgage rate fell 0.17 point 15 6.25%. The refi share of applications increased 0.7 point 15 42.1%.
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Fresh signs of strength in the economy have caused mortgage rates to rise. Mortgage company Freddie Mac says the average for a 30-year fixed-rate mortgage is now 5.81 percent, up sharply from 5.72 in last week&#39;s survey.
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Investor's Business Daily - The Mortgage Bankers Association&#39;s applications index rose a seasonally adjusted 1.3% to 622.9 in the week ended Aug. 31, but multiple applications and refilings caused by recent credit problems may have played a role. Activity could slow on higher interest rates. The MBA said a dearth of demand for short-term loans sent 1-year ARM rates to 6.52%, near week-ago levels but well above longer-term rates. Average 30-year mortgages edged up to 6.42% from 6.41%. ARMs made up just 12.6% of applications in the week, down from more than 30% just a few weeks ago.
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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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For the first time since March, sales of new homes rose in August.
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New applications for US home mortgages increased last week, as purchase activity rose amid lower mortgage rates, an industry group said on Wednesday.
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New applications for U.S. home loans rose last week along with mortgage refinancings as 30-year mortgage rates eased to their lowest levels in six months, an industry group said on Wednesday.
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Mortgage 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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Mortgage rates around the country went up this week, with 30-year mortgages climbing to the highest level since early September. Freddie Mac, in its weekly survey released Thursday, reported that rates on
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Stock jumps despite revelation of $5.5B mortgage-related writedowns.
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Mortgage applications jumped last week as borrowers emerged in droves to refinance existing home loans as interest rates fell to their lowest level since early December, an industry trade group said on Wednesday.