Mortgage Applications On The Rise Lowest Rates Since June 2013

Dated: 09/03/2014

Views: 906

       |

Falling Rates Spur Loan Demand in Latest Week

Daily Real Estate News | Wednesday, September 03, 2014
Mortgage applications were on the rise last week as the 30-year fixed-rate mortgage sank to its lowest level of the year, the Mortgage Bankers Association reports Wednesday.Applications for home purchases and refinancings rose 0.2 percent in the week ending Aug. 29, according to the MBA’s seasonally adjusted index of mortgage application activity. Broken out, refinancing applications increased 1.4 percent, while applications for home purchases, viewed as a leading indicator of future home sales, dropped 1.5 percent during the week.The 30-year fixed-rate mortgage averaged 4.25 percent in the week, the lowest level since June 2013, the MBA reports.Source: “U.S. Mortgage Applications Rise in Latest Week: MBA,” Reuters (Sept. 3, 2014)
Blog author image

Carolann Newton

I was a domestic paralegal for 8 years prior to Real Estate. Since I have been in Real Estate I have grown to love this business, even though it does have it's challenges; it is very exciting. There i....

Latest Blog Posts

Dining On Lake Hartwell And Lake Keowee

Restaurants on Lake Hartwell and Lake Keowee are popular destinations this summerJake Grove, Anderson Independent MailPublished 8:00 a.m. ET May 16, 2018 | Updated 9:26 a.m. ET May 17,

Read More

Cat Cafe Greenville SC

Are you a cat lover? This is the place for you! Enjoy organic and vegetarian food, snacks and drinks all while playing with cats!  You can also enjoy feeding time with cats and many other

Read More

Knowing Equity And Debt Capital For Your Business

Knowing your equity and debt capital for your business is essential!https://upstatebusinessjournal.com/equity-and-debt-capital-the-2-basic-sources-of-capital-for-your/

Read More

Just Listed In Anderson SC

100 Nottingham Way$418,900 Single Family 3 Beds, 3 Baths, 2,500 Sqr Ft, Anderson Just Listed29621 - When they say location is important, this home has it all!!! Within five minutes to

Read More