Home Loan Apps Rise Slightly as Mortgage Rates Look to Fall
Mortgage application volume rose a modest 1.5 percent on a seasonally adjusted basis for the week ending November 21, the MBA reported today.
On an unadjusted basis, the home loan application index actually fell one percent compared to the previous week and was down 21.9 percent compared to the same period a year ago.
Refinance applications slipped 2.1 percent, while purchase applications and FHA lending Read more
Foreclosure Filings Rise for 34th Consecutive Month; Streak Could End
Foreclosure filings were reported on 279,561 U.S. properties in October, a five percent increase from the previous month and a 25 percent increase from the same period a year earlier, RealtyTrac reported today.
However, thanks to recent legislation, foreclosure filings have dropped precipitously in key states, most notably, California.
In the Golden State, overall foreclosure activity was down by double-digit Read more