Weekly Mortgage Volumes on the Rise

Click stars to vote (left is low, right is high)

(No Ratings Yet)

 Loading ...

[?]
 Print This

By Amy Hoak, MarketWatch

RISMEDIA, June 14, 2007-(MarketWatch)-Mortgage application volumes rose last week by a seasonally adjusted 6.6% compared with the week before, according to the Mortgage Bankers Association’s weekly survey released Wednesday.

In the face of higher interest rates on fixed-rate mortgages, application volumes were up 16.1% compared with the same week in 2006.

Both refinancings of existing mortgages and mortgages to purchase homes were up during the week ending June 8, with refinance higher by 5.6% from the prior week and purchase volumes rising 7.2%.

The four-week moving average for all mortgages was down 0.3%, according to the survey.

The refinance share of mortgages remained unchanged from the previous week at 38% of all applications. Adjustable-rate mortgages increased to 18.7% of all applications, up from 17.8% the previous week.

Interest rates on fixed-rate loans jumped again last week, the MBA’s data showed.

The average rate on a 30-year fixed-rate mortgage increased to 6.61% from 6.35% the week before. Similarly, the 15-year fixed-rate mortgage averaged a 6.28% interest rate, up from 6.13% the week before.

The rate on one-year ARMs, however, moved in the other direction, averaging 5.48% for the week, down from 5.74%.

The MBA’s survey covers about half of all of all U.S. retail residential mortgage originations.

Amy Hoak is a MarketWatch reporter based in Chicago.

RISMedia welcomes your questions and comments. Send your e-mail to: realestatemagazinefeedback@rismedia.com.

Discussion Forum

Topic	Posts	Last Poster
NEED AGENTS / & REFERRALS	31	BringingYouHome
Real Estate or Marriage?	10	Tears
"Ethics"	4	robertjgaffney
Need Agents	1	grits4me
INEXPENSIVE ADVERTISING WITH RESULTS	1	Tears
Can anyone explain me about foreclosure real estate investing????	8	CentralTexasBroker
Commercial Property Scouts	5	randrews45
Investments	1	jeannaf
Now I have a web site how do I get google etc to recognise it?	8	yxvayns
Life Outside of Real Estate	2	vegasnforeclosurecom

A New Look at an Old Tradition-How to Maximize Yard Signs in Today’s Market

By Jeff Lincoln
RISMEDIA, July 21, 2008-Real estate agents have always realized the sales advantages of branding themselves in this highly competitive industry. They hand out business cards, promotional items such as calendars, pens, and mugs, and advertise in print and on the web. However, with all the marketing tools available to them, the yard sign […]