Lowest mortgage rates in a month barely boost weekly applications, up 0.4%

Mortgage rates moved decidedly lower last week, but neither homebuyers nor homeowners were particularly impressed. Total mortgage application volume rose just 0.4 percent seasonally adjusted compared with the previous week, according to the Mortgage Bankers Association. Volume is down 22 percent compared with the same week one year ago, due […]

Weekly mortgage applications to purchase a home drop 3%, even as falling rates spark a rush to refinance

  Jamie Rector | Bloomberg | Getty Images Another drop in mortgage interest rates continued to confound expectations, but current homeowners saw a clear path to savings. Mortgage application volume rose 2.8 percent last week, all thanks to refinances. The Mortgage Bankers Association’s seasonally adjusted weekly index remains 12 percent […]

Sensex, Nifty climb to erase weekly decline as lenders advance

Photo: Aniruddha Chowdhury/Mint Mumbai: Indian stocks rose, with the benchmark gauge erasing a weekly decline, as overseas investors extended their purchases of local assets. State Bank of India (SBI) rallied to an eight-month high after the nation’s largest lender posted a smaller-than-expected rise in soured debt. Axis Bank Ltd increased […]