The all time low mortgage interest rates are doing something good for the short term economy, they are increasing refinances. Refinances were up six percent last week. But, the low interest rates aren’t doing anything for increasing home buyer activity. 82.4% of the loan applications last week were for refinances. That’s a very high percentage. [...]
All articles in category: "Interest Rates,Mortgage Applications"
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Low Interest Rates are Increasing Mortgage Applications
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Mortgage Rates at New Record Lows – Demand for Loans Down
Okay, so same old news in regards to Mortgage Rates. New Lows Once again. The only difference is that now demand for these record low interest rates is even less. The good news is that less demand means that these lower than ever mortgage rates will probably stay low for a while. There’s still hope [...]
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Interest Rates Are Lowest Ever, But Mortgage Apps Aren’t Rising
Because most people have to apply for a mortgage before buying a house, mortgage applications are a pretty good indicator of future home sales. It looks like Logan Utah Real Estate sales won’t be increasing too much over the next month as mortgage applications for home purchase’s hasn’t increased. Here is the latest from the [...]
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Mortgage Applications Finally Increase
Mortgage Interest Rates are about the Lowest they have ever been right now, so it was very disturbing that mortgage applications were down, despite the incredibly low rates. Well, it looks like last week mortgage applications finally rose again. I know that I personally just got my application in to refinance a property. Here are [...]
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Mortgage Interest Rates Still at Record Lows but Mortgage Applications are Down
Mortgage interest rates are still at crazy cheap record lows. The bad news is that even at the incredible lows, mortgage applications around the nation were down. This indicates that future home sales were also be down, and that a large percentage of candidates for mortgage refinances, are have all ready done so, or cannot [...]
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4 Mortgage Questions a Borrower Should Ask a Lender
When the borrowers apply for a mortgage for the first time, their minds are full of questions about mortgage. They want to have a basic idea about mortgage, and what it is really going to cost them. In this article, you will find the most common types of mortgage questions that a borrower should ask [...]
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Nationally Mortgage Applications at Highest Point Since October
According to the Mortgage Bankers Association, loan applications for home purchases were at their highest level since October. Essentially this means that people are actively looking for homes and getting them under contract. This means that we should see a good month for Utah home sales in the next several months. The Mortgage Bankers Association [...]
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Utah Real Estate Blog- August Home Sales in Weber County Utah Better Than JulyHome sales during August in Weber County Utah were slightly improved compared with July, and were just marginally down compared with August of 2009. Reported thus far, 192 Weber County Real Estate listings sold last month, an improvement of 6.25% from last months dismal numbers, but down 14% compared with August of last year. The second straight slow month o […]
- Logan Utah Real Estate Market Conditions: Cache County August Home Sales Numbers ImprovedThe good news is that home sales numbers for Cache County Utah during August were substantially improved compared with last month. The bad news is that although the 68 homes sold is an improvement, it is still down nearly 40% compared with last August of last year. This graph shows the comparison of home sales numbers during 2010, compared with the average m […]
- 20% of Utah Homes are Underwater. Utah Ranks 10th NationallyTop 10 states with highest share of negative equity mortgages 1. Nevada Homes (68 percent of 592,000 mortgages) 2. Arizona Homes (50 percent of 1.3 million mortgages) 3. Florida Homes (46 percent of 4.5 million mortgages) 4. Michigan Homes (38 percent of 1.4 million mortgages) 5. California Homes (33 percent of 6.9 million mortgages) 6. Georgia Homes (28 pe […]
- August Home Sales in Weber County Utah Better Than July