Mortgage Applications Continue to Slide

By Luciana Lopez – Applications for U.S. home mortgages fell in the latest week as both purchase and refinancing applications slipped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2 percent to 397.2 in the week…

Mortgage Applications Edge Up in Latest Week

  By Luciana Lopez – NEW YORK — Applications for U.S. home mortgages edged higher in the latest week, rebounding from a 13-year low set at the end of last year, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase…

U.S. Average on 30-Year Mortgage Rises to 4.29%

  By CHRISTOPHER S. RUGABER –  WASHINGTON — Average U.S. mortgage rates rose modestly this week, a move that makes home-buying a bit less affordable. Still, rates remain near historically low levels. Mortgage buyer Freddie Mac says the average rate on the 30-year loan increased to 4.29 percent from 4.22 percent last week. The average…

Another City Embraces Eminent Domain to Fend Off Foreclosures

  By Katie Zezima –  IRVINGTON, N.J. — Using eminent domain to bail out underwater homeowners won’t fix all Irvington’s problems, but Mayor Wayne Smith thinks anything that can help some residents of his economically struggling township is worth trying. “It’s not a panacea,” Smith said. “But it looks like it could help some people.”…

Home Mortgage Rates Head Down Again

  WASHINGTON — Average U.S. rates on fixed mortgages declined this week after two weeks of increases, keeping home-buying affordable. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan fell to 4.22 percent from to 4.35 percent last week. The average on the 15-year fixed mortgage dipped to 3.27 percent…

Mortgage Rates Rise for 2nd Straight Week

  WASHINGTON — Average U.S. rates on fixed mortgages rose for the second straight week amid some signs of economic strength. Still rates remain near historically low levels. Mortgage buyer Freddie Mac says the average rate on the 30-year loan increased to 4.35 percent from 4.16 percent last week. That’s the highest level since Sept.…

Home Mortgage Applications Continue to Slide

  Applications for U.S. home loans slipped in the latest week, although a drop in the previous week was revised to a smaller fall than previously reported, data from an industry group showed on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase…

Mortgage Applications Fall in Latest Week

  By Ryan Vlastelica –  NEW YORK — Applications for U.S. home loans fell in the latest week, reversing the previous week’s gain, data from an industry group showed Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 7 percent in…

Mortgage Applications Near Flat as Purchase Demand Falls

Applications for U.S. home loans rose slightly in the latest week as increased refinancing activity offset a decline in demand for purchase loans as the U.S. government shutdown weighed, data from an industry group showed Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home…

Average 30-Year Mortgage Rate Down to 4.32%

WASHINGTON — Average U.S. rates on fixed mortgages fell this week to their lowest point in two months. The decline follows the Federal Reserve’s decision last week to hold off slowing its monthly bond purchases. Mortgage buyer Freddie Mac says the average rate on the 30-year loan dropped to 4.32 percent from 4.50 percent last…