Tag Archives: Mortgage Applications

The volume of home loan applications submitted to lenders last week fell 1.4 percent compared to the week prior, according to the Mortgage Bankers Association (MBA). Overall mortgage activity was marred by a drop in both refinance requests and home purchase applications despite the fact that interest rates headed lower.

Mortgage application volume has fallen for the second straight week, led by a steep drop in home loan refinances even as mortgage interest rates edged downward again. The Mortgage Bankers Association reported Wednesday that its measure of new mortgage applications decreased 8.9 percent for the week ending September 10, 2010. That follows a 1.5 percent drop in home loan applications the week prior.

The Mortgage Bankers Association (MBA) reported Wednesday that its index of home purchase applications jumped 6.3 percent for the week ending September 3, 2010, reaching its highest level since the end of May. Purchase activity, though, is still nearly 40 percent below what it was this time last year. Refinance applications, on the other hand, fell 3.1 percent as interest rates edged up slightly - their first drop in six weeks.

Five Brothers, a provider of commercial and residential mortgage default management solutions, recently released its DocPRO Document Delivery Solution, which the company says speeds and simplifies the preparation, delivery, notarization, and tracking of mortgage documents. The company's CEO explained that the new technology saves clients both time and money with minimal effort on the client's part.

Mortgage interest rates have dropped to their lowest level in decades, and even with tight credit conditions, more borrowers are beginning to take advantage. The Mortgage Bankers Association (MBA) reported Wednesday that its index measuring mortgage loan application volume increased 2.7 percent for the week ending August 27, 2010, after interest rates dropped yet again. Refinance activity was up 2.8 percent, while home purchase applications rose 1.8 percent.