Mortgage approvals hit record low
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Business & money: BBA figures for December show 37.8% fall from previous year
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Applications for U.S. home mortgages 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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Accredited Home Lenders Holding Co. , a U.S. subprime mortgage lender, said on Tuesday it needed to raise cash after paying $190 million demanded by its lenders, sending its shares down as much as 53.5 percent to a record low.
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U.S. mortgage applications fell  slightly last week, led by a decline in home refinancing loans  as interest rates hit their highest in four years, an industry  trade group said on Wednesday.
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Interest rates on US 30-year and 15-year mortgages fell to their lowest levels since early April, spurring more consumers to purchase their own homes, mortgage finance company Freddie Mac said on Thursday.
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WASHINGTON -- Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the second lowest level of the year, pushed down by further signs of economic weakness.
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Home loan approvals in October fell to their lowest levels in nearly five years, according to figures released this morning by the Bank of England, confirming that the housing
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US long-term mortgage rates dropped this week to their lowest levels seen in six months, Freddie Mac reported Thursday in its weekly nationwide survey.
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A record number of homeowners with high-cost mortgages have fallen behind on their payments or are facing foreclosure, a side effect of the growth in lending to people with poor credit, according to an industry group survey released yesterday.
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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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Investor's Business Daily - The Mortgage Bankers Association's application index fell 7.6% to 603.8 in the week ended Dec. 21, the lowest since Dec. '06, despite lower borrowing costs. Both home purchase and refi applications fell. Mortgage applications have been especially volatile in recent weeks. Fixed 30-year mortgage rates fell 8 basis points to 6.1%. One-year adjustable rates tumbled 46 basis points to a 1-month low of 6.03%.  U.S. commercial paper issuance grew by $1.2 bil in the week ended Dec. 26 to $1.785 tril, after a big decline in the previous week, the Fed said. But asset-backed paper fell by $15. ...
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Interest rates on U.S. 30- and 15-year mortgages fell this week to their lowest levels since early April as the housing market showed little sign of slowing despite the Federal Reserve's move to raise interest rates, mortgage finance company Freddie Mac said on Thursday.
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U.S. mortgage applications sank last week to the lowest level since the end of last year despite falling borrowing costs, an industry trade group said on Thursday.
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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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Accredited Home Lenders Holding Co.  , a U.S. subprime mortgage lender, said on Tuesday it  needed to raise cash after paying $190 million demanded by its  lenders, sending its shares down as much as 53.5 percent to a  record low.
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The number of new mortgages being approved for home buying fell again in November.
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Mortgage applications barely advanced last week even as interest rates sank to their lowest levels since May, an industry group said on Wednesday, largely reflecting the increasing difficulty borrowers face to obtain a loan as banks tighten lending standards.