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Tag Archives: Mortgage Applications

Home Purchase Apps Increase, Refinances Slip as Rates Edge Up: MBA

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.

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Five Brothers Simplifies Mortgage Documentation with DocPRO

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.

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Mortgage Applications Increase as Rates Hit New Low

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.

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