Mortgage applications to buy homes rose 10.1 percent last week on a
seasonally adjusted basis compared to the previous week, according to the
Mortgage Bankers Association weekly survey.On an unadjusted basis, the purchase index rose 11 percent compared with the
previous week, but was down 5.2 percent from the same week a year ago."Purchase applications continued to increase coming out of the Easter
holiday, as we approach the end of the home buyer tax credit, and are up
modestly over last month." said Michael Fratantoni, MBA's vice president of
research and economics.Declining Treasury rates pushed loan rates down from the previous week:* 30-year fixed-rate mortgages decreased to 5.04 percent from 5.17
percent.
* 15-year fixed-rate mortgages decreased to 4.34 percent from 4.45
percent.
* 1-year ARMs decreased to 6.95 percent from 7.02 percent.
Source: Mortgage Bankers Association (04/21/2010)
seasonally adjusted basis compared to the previous week, according to the
Mortgage Bankers Association weekly survey.On an unadjusted basis, the purchase index rose 11 percent compared with the
previous week, but was down 5.2 percent from the same week a year ago."Purchase applications continued to increase coming out of the Easter
holiday, as we approach the end of the home buyer tax credit, and are up
modestly over last month." said Michael Fratantoni, MBA's vice president of
research and economics.Declining Treasury rates pushed loan rates down from the previous week:* 30-year fixed-rate mortgages decreased to 5.04 percent from 5.17
percent.
* 15-year fixed-rate mortgages decreased to 4.34 percent from 4.45
percent.
* 1-year ARMs decreased to 6.95 percent from 7.02 percent.
Source: Mortgage Bankers Association (04/21/2010)
via Ping.fm
No comments:
Post a Comment