Category Archives: Refinance News

The Mortgage Bankers Association announced that purchase applications fell 0.3 percent while refinancing activity was down three percent from the previous week.

The economic stimulus package, HR 5140, is headed for the White House next week. Once signed, lenders can take the housing provisions into effect and individual taxpayers can expect to receive the rebate checks as soon as May 2008.

The Mortgage Bankers Association (MBA) announced the number of consumers applying for a mortgage to purchase a home jumped 12 percent in the past week.

As the baby-boomer generation ages and the availability of income after retirement diminish, there has been a clear demand for ways for people to tap into the equity in their homes in new and innovative ways. Enter the rise of … Continue reading →

The Federal Open Market Committee (FOMC, Fed) decided to reduce the Fed Funds Rate to 3.0%.

The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes in December decreased 4.7 percent compared to November’s numbers.

President Bush and House leaders agreed yesterday on a $150 billion economic stimulus package that could send rebate checks to 117 million American families and plug $50 billion into incentives for American businesses.

This morning the Mortgage Bankers Association reported that for the week ending January 18, 2008, the Market Composite Index, the weekly measurement of mortgage loan application volume, jumped by 8.3 percent overall.

The National Association of Realtors announced today that existing home sales in December 2007 dropped a modest 2.2% when compared to November.

Quicken Loans Chief Economist Bob Walters says today’s action should help loosen credit for consumers.