Home Buyers Look to Government Loans

July 10th, 2009

Government insured mortgage loan applications higher than private mortgage applications as borrowers see easier access to loans that have less down payment requirements. Generally if you qualify for a government loan, it is always the better deal as private lenders are looking to make the extra buck.

http://www.bloomberg.com/apps/news?pid=20601103&sid=auNBuE3UfkQ4

US Mortgage Applications Increase

July 8th, 2009

Mortgage applications, and refinance loan applications increased last week according to the Mortgage Bankers Association. Which means there’s buyer interest for homes with the low 30-year borrowing interest rates in place.

http://www.reuters.com/article/economicNews/idUSNYS00521120090708

Mortgage Applications Drop by 18.9%

July 2nd, 2009

Mortgage applications and refinancing activities dropped from the prior week according to Mortgage Bankers Association (MBA).

http://www.marketwatch.com/story/week-to-week-mortgage-applications-off-189-mba