• Like

  • Follow
Search news    
Bookmark and Share

Mortgages plateau in latest applications survey

August 12, 2010 - The number of people moving into new homes may have come to a temporary standstill, according to one report.

For the week ending August 6, purchase and refinance applications mostly remained flat from the previous week, experiencing only marginal increases, reported the Mortgage Bankers Association. The number of people who submitted a mortgage application to buy a home grew just 0.3 percent from the previous week, while refinancing activity inched higher by 0.6 percent.

Mortgage rates continued to drop, making purchasing a home more affordable, but even so the real estate market remained stagnant, reported the MBA. Rates on 30-year fixed-rate mortgages and 15-year FRMs are at their lowest levels ever recorded by the MBA's weekly applications survey. Additionally, five-year adjustable-rate mortgages are below 4 percent, making them an attractive option for someone in need of a shorter-term mortgage.

Those conditions make today's market a ripe opportunity for anyone considering a relocation. Homebuyers should be just as cautious seeking mortgage financing as they would be when researching a moving company to transport their possessions to their new home.

 

Recent Articles

Actor Hayden Christensen selling Studio City pad

Star Wars fans may be surprised to hear Anakin Skywalker, also known as actor Hayden Christensen, may be calling for a moving company and selling his house in Studio City.

Friday, October 05 2012 15:15


Former pro baseball player Reggie Sanders selling SC beach house

Reggie Sanders list of properties is almost as extensive as his list of teams, however, he appears to be unloading homes across the country.

Thursday, October 04 2012 13:25


Hollywood couple John Krasinski and Emily Blunt buy in LA

Celebrity news sites report actor John Krasinski and actress Emily Blunt may be comparing prices of moving companies around Los Angeles, as they have purchased a home in the affluent city of Ojai.

Wednesday, October 03 2012 13:25


Tips for prepping to move cross-country

When relocating across the country, those moving may need to take some extra steps for a more successful relocation.

Wednesday, October 03 2012 13:24


Singer Sheryl Crow moving out of Hollywood Hills home

The Grammy-winning singer Sheryl Crow has been buying and selling homes throughout the country, as she currently owns a waterfront home in Florida and recently purchased a large ranch-style home in Nashville, Tennessee, just last year.

Wednesday, October 03 2012 13:22

 

Related Categories

Mortgage Tips

Applications drop amid lower rates
Though families planning their relocation last week encountered lower mortgage rates, many still appeared to hold off on securing a mortgage.

Monday, March 07 2011 10:12

Mortgage volume weakens as refinancing drops
The latest measure of mortgage applications showed slow relocation activity combined with a steady drop in the number of consumers refinancing their loans.

Monday, February 21 2011 10:01

New budget proposes cut to MID
President Barack Obama's newly proposed budget again recommends scaling back the mortgage interest deduction, a move real estate experts have warned would could encourage fewer buyers into moving into new homes.

Thursday, February 17 2011 09:41

Housing reform to scale back government influence
The Obama administration's vision for the housing market's future includes less government involvement and fewer relocating families relying on federal loans for their home purchase.

Tuesday, February 15 2011 09:30

Mortgage applications on the upswing
More people were hiring moving services and relocating to a new home during the week ending January 28, according to a new report from the Mortgage Bankers Association.

Monday, February 07 2011 09:59


Refinance News

Rates hold firm amid positive job reports
The economy fared well during the past week, a fact which kept mortgage rates at affordable levels, benefiting families moving into new homes.

Monday, March 14 2011 08:53

Mortgage applications on the rise
A new report showed mortgage demand from relocating families increased to its highest level of the year during the week ending March 4.

Friday, March 11 2011 10:43

Applications drop amid lower rates
Though families planning their relocation last week encountered lower mortgage rates, many still appeared to hold off on securing a mortgage.

Monday, March 07 2011 10:12

Mortgage apps drop amid rising rates
Buyers relocating to a new home were given pause as climbing mortgage rates made home loans more expensive.

Monday, February 14 2011 10:08

Borrowers increasingly paying down mortgage debt
Low mortgage rates have not only encouraged many consumers to pack their moving boxes, but have also pushed others into refinancing their home loans.

Wednesday, February 02 2011 10:55



Relocation.com
In the Press

A Moving Company's Moving Story
June, 2012

Relocation.com's survey was recently featured on the front page of USA Today. The headline entitled "Moving in Hard Times" highlighted our results that moving and relocating behaviors were only moderately influenced by the economy.

USAToday

Our lifestyle survey found that Americans are seeking smaller homes and a suburban lifestyle. These riveting results were recently featured on USAToday.com in an article entitled "American dream shrinks as smaller homes gain favor."

"This user-friendly site includes a blog and a subscription-only newsletter, too"

The Washington Post

"Relocation.com provides you with all the tools you need to get quotes quickly from movers in your area."

CNet

The Business Week

CommercialAppeal.com


The more you know, the better your move will go. Check out helpful articles by our pros.
Learn More