Creative Financing 101 » mortgage applications http://creativefinancing101.com Guide to Zero Down, Bad Credit, FHA, Seller Financing, and Hard Money Loans Sat, 06 Mar 2010 00:37:43 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Mortgage Applications Increase http://creativefinancing101.com/20280/mortgage-applications-increase/ http://creativefinancing101.com/20280/mortgage-applications-increase/#comments Thu, 09 Apr 2009 02:18:37 +0000 Jamie Beck http://creativefinancing101.com/?p=280 Ink Pens
Applications for conventional home loans increased last week, likely a result of record low rates.

Bloomberg reports:

“The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan increased 4.7 percent to 1,250.6 in the week ended April 3, a fifth straight gain, from 1.194.4 the prior week. The group’s refinancingpurchase measure jumped 11 percent. gauge rose 3.2 percent and its

The increases mean Federal Reserve efforts to lower mortgage rates and boost lending may succeed in preventing housing from slumping further.”

Unfortunately, more applications don’t always result in more mortgages. As we’ve seen during the past year, taking out a conventional loan can be very difficult in this market.

Creative Commons License photo credit: TMAB2003

See Also:

Non-Conforming Bank Loans

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