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Mortgage Applications Continue to Tumble Amid Rising Rates

Application for home mortgages continued to decline last week as mortgage interest rates climbed even higher last week according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 5th, 2013.

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Loan Modifications Decline in April

The number of proprietary loan modifications fell in April according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors while foreclosure sales posted an increase for the second consecutive month.

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Mortgage Rates Ease After Largest Jump in Twenty Six Years

Interest rates on fixed rate mortgages eased this week following last weeks largest interest rate jump in 26 years according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending July 3rd, 2013.

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Mortgage Rates Hit Two Year High Sending Mortgage Applications Tumbling

Mortgage applications tumbled last week as mortgage rates approached two year highs according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 28th, 2013.

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