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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (282932)	10/13/2010 2:13:46 PM
From: tejek	Read Replies (1) \| Respond to of 306849

For sure. I can't believe how low the interest rate is......and its having an impact: Mortgage applications up behind home loan refinancings By Vicki Needham - 10/13/10 11:14 AM ET Mortgage applications jumped for the first time in six weeks as record-low mortgage rates spurred refinancing, hitting nearly the highest level all year. Overall applications rose 14.6 percent from a week earlier, behind by a 21 percent increase in applications to refinance home loans, the Mortgage Bankers Association (MBA) said Wednesday. Applications to purchase homes dropped 8.5 percent from a week earlier, but loan applications for conventional purchase mortgages hit their highest level since the beginning of May, following the April 30 expiration of a federal homebuyers tax credit. read more....... thehill.com