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's figures showed Wednesday.
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New applications for U.S. home  mortgages increased last week, as purchase activity rose amid  lower mortgage rates, an industry group said on Wednesday.
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U.S. mortgage applications rose sharply last week, fueled by a surge in demand for home refinancing loans, as interest rates sank to their lowest in more than a year, an industry trade group said on Wednesday.
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Applications for home mortgages jumped  for a third consecutive week as plunging interest rates  encouraged more homeowners to seek refinancings, an industry  group said on Wednesday.
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New applications for U.S. home loans rose, spurred by a rise in mortgage refinancings last week as 30-year mortgage rates eased to their lowest level since early April, an industry group said on Wednesday.
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Countrywide Financial Corp , whose shares have tumbled on concern it might not survive the nation's housing crisis, said on Wednesday it made more loans than expected in the fourth quarter, though foreclosures among loans it services increased.
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Home prices have plunged by 10 percent or more in some parts of the United States and interest rates on mortgages are at enticing levels, but many potential buyers are waiting for prices to fall further.
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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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Mortgage borrowing rose at its slowest monthly pace in more than two years in September and approvals for home loans dropped to a four-year low, in another sign that the housing market has turned.
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NEW YORK  U.S. mortgage applications rose for the  first time in four weeks as long-term home loan interest rates  plunged to their lowest levels since March, data from the  industry's main trade group showed 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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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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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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Business & money: Average interest rates on personal loans have jumped to almost double the advertised rate
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&#39;The ongoing stimulus of lower-than-expected mortgage interest rates was the primary driver of strong home sales in October.&#39;.
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Applications for home mortgages jumped to their highest level in nearly four years as low interest rates led more homeowners to seek refinancing, according to data from an industry group on Wednesday.
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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.