Mortgage Applications Rise For 2nd Straight Week
The 0.9% overall increase was led by refinancing mortgages as mortgage rates fell.
The 0.9% overall increase was led by refinancing mortgages as mortgage rates fell.
Most vulnerable homeowners have FHA, VA, or other government loans.
MBA survey finds applications increased 1% from October.
Both the purchase and refinance indexes rose last week despite a small increase in mortgage rates.
Allowing borrowers with up to 100% of AMI to be eligible for these programs.
The Mortgage Credit Availability Index increased, indicating loosening credit.
The 4-week decline is the largest since 2008.
The latest survey showed mortgage applications decreased 1.9% from last week.