Tag Archive for Purchase Mortgage

Glimmers of Housing Hope In Mortgage Applications Data

Purchase mortgage applications rose 6.4% last week according to the Mortgage Bankers Association and major media outlets. As always, the media report only the seasonally adjusted data fed to them by the MBAA. Rarely should a week to week change have any seasonal effects, although last week would be an exception because the week before…

Theoretical Seeds of A Housing Bottom- Professional Edition

Purchase mortgage applications fell back to near their recent lows last week, reversing the surge from the previous week. That was caused by the FHA’s new, tougher requirements on credit scores and down payments. The week before last was the deadline for deadbeats to get in under the old easy money game rules. That blip…

House Prices Headed for Pre Y2k Levels – Professional Edition

Total employment, purchase mortgage applications, and median household incomes are at the levels of the late 1990s. What does that say about housing prices? Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful,…