MBA: Home Owners Hurry To Refinance As Interest Rates Drop

U.S. mortgage applications continued to rise last week, as home owners rushed to lock in low interest rates.

Mortgage applications increased 7.8 percent from one week earlier,
according to data from the Mortgage Bankers Association's Weekly
Mortgage Applications Survey for the week ending May 13, 2011. This
follows the 8.2 percent increase recorded the week before.


The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.60 percent from 4.67 percent.

The Refinance Index increased 13.2 percent from the previous week and
is at its highest level since the week ending December 10, 2010.

"The 30-year fixed mortgage rate is now 53 basis points below its 2011
peak, and has decreased for five straight weeks," said Michael
Fratantoni, MBA's Vice President of Research. "Over this five week span,
the refinance index has increased by about 33 percent. Refinance
application volumes remain about 50 percent below the most recent peak
last October. "

However, in a discouraging sign for the broader housing market, low
interest rates failed attract more demand for applications to purchase
new or existing homes.

The seasonally adjusted Purchase Index decreased 3.2 percent from one week earlier.

(Market News Provided by RTTNews


räumung wien -
entsorgung wien -
reinigung Wien -
wohnungsreinigung wien -
umzug wien -
yallakora -
entsorgung wien -
umzug wien -
wohnungsräumung wien -
entsorgung -
entsorgung wien -
entsorgen -
entrümpelung -
entruempelung -
umziehen wien -
Umziehen -
umziehen -
forex news -
forex training -
forex trading -
umzug wien -
umzug


loan,plastic,blood,Medicine,eye,ear,alternative,medicine
,medical,Surgery,Plastic,cardiac,heart,cardiology,Oncology
,Diabetes,blood,forex,health,sexual,news,palliative,loan
,alternative,mind,geriatric,orthopedic,plastic,oncology,uro,
cardiology,nephrology,kidney,blood.haematology,psychiatry
,skin,derma,gland,endocrinology,chest,sex,alternative,
stomach,liver.intestine,pancrease,uterus,ovary,children
,neonat,boy,parent,eye,ophthalmology,epidemics,endemic
,ear,nose,throat,physiology,anatomy,micro,bio,forex,anus,
biochemistry,histopathology,toxic,poison,forensic,Palliative
,Care,medicine,life,vagin,rent,books,palliative,rent,loan
,newborn,nutrion,cosmotic,forex,foot,pelvis,family,surgery,