Inquiries for refinances rose 4 percent this week, according to the U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com for the week ended June 3. Refinance share, meanwhile, expanded to 53 percent from 49 percent. The improvement in refinance activity came on the heels of Memorial Day. View full post on Mortgage Stories
The average 30-year fixed-rate mortgage was down for the fifth straight week, according to Freddie Mac’s latest Primary Mortgage Market Survey . It was the lowest level of the entire year for the 30-year. But Freddie said that the one-year Treasury-indexed adjustable-rate mortgage averaged 4 basis points more this week than in the previous survey. [...]
Linda Young – AHN News Writer Washington, D.C., United States (AHN) – Initial jobless claims declined by 29,000 to 409,000 for the week ending May 14 compared to the previous week’s tally of 438,000 claims. That is still above the 400,000 mark. Analysts say first time unemployment compensation insurcance claims must drop below 400,000 and [...]
Fixed mortgage rates fell this week to the lowest point of the year, offering incentive for homeowners to save money by refinancing their loans. View full post on All Stories
Overall new mortgage inquiries rose 3 percent this week based on the latest U.S. Mortgage Market Index from Mortech Inc. and MortgageDaily.com . Lifting this week’s activity were refinances. The Refinance MMI climbed to 116 from 106 seven days prior. View full post on Mortgage Stories
A 15 percent jump in refinance inquiries from last week was noted in the Mortgage Market Index . Refinance share rose to 47 percent from 45 percent. This week’s share reflected a 34 percent rate-term share and a 13 percent cashout share. View full post on Mortgage Stories
ST. JOHN’S, Antigua, CMC – The Baldwin Spencer administration says three high-level Chinese delegations will this week conduct a one-week visit to the country to hold discussions with government officials and tour a number of facilities constructed with Chinese grants and loans. View full post on All Stories
Mortgage Market Index for the week ended March 4 was 206, marginally higher than 203 in last week’s report. The index from Mortech Inc. and MortgageDaily.com was 245 during the same week last year. Behind the weekly improvement was a 4 percent increase in purchase activity, while refinance transactions slipped 1 percent. View full post [...]
The Media Line Staff Tunis, Tunisia (TML) – A wave of violence across Tunisia over the past week has many government officials and observers worried that loyalists to the ousted regime of President Zine El Abidine Ben Ali are seeking to reassert control over the country by plunging it into renewed chaos. Two people were [...]
The average 30-year fixed-rate mortgage was 1 basis point higher this week in Freddie Mac’s latest Primary Mortgage Market Survey . Based on movement in the 10-year Treasury yield, rates appear headed even higher. Meanwhile, new mortgage activity fell 15 percent this week basd on the most recent Mortech-Mortgage Daily Mortgage Market Index report. View [...]
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