Home loan demand rises as interest rates tumble
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Mortgage applications rose for a second straight week, fueled by demand for home loans as interest rates sank to their lowest since May, an industry group's figures showed Wednesday.
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Applications for home mortgages jumped for a third consecutive week as plunging interest rates encouraged more homeowners to seek refinancings, an industry group said on Wednesday.
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U.S. mortgage applications rose last week, fueled by increased demand for home purchase loans even as interest rates hit their highest level in nearly a year, an industry group's data showed on Wednesday.
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As the appetite for home loans soared, the apparent inability of lenders to spot suspicious transactions is puzzling to some.
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Mortgage rates are nearing a five-year high, raising the cost of home ownership for buyers by hundreds or thousands of dollars a year at a time when real estate markets are struggling with tepid demand and a surplus of houses for sale.
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New applications for U.S. home loans  rose last week to their highest level in four months even  though mortgage rates ticked upward from their recent lows, an  industry group said on Wednesday.
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Figures showing falling mortgage approvals and rising repossessions suggest interest rate rises are being felt.
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In another indication of increasing consumer debt, a new federal report has found that the percentage of borrowers who turned to high-cost loans to buy or refinance their houses rose last year.
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New applications for U.S. mortgages  for both refinancing and home purchases climbed last week, as  most mortgage rates fell from the previous week, an industry  group said on Wednesday.
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The price of money has gone up. Or more technically, long-term interest rates have jumped in recent weeks, rattling the already slumping housing market. When potential home buyers call for mortgage rate quotes these days, "they're shocked; they almost don't believe you," said Jim Foley, senior vi...
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Mortgage applications jumped last week as borrowers emerged in droves to refinance existing home loans as interest rates fell to their lowest level since early December, an industry trade group said on Wednesday.
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New applications for U.S. home loans rose last week along with mortgage refinancings as 30-year mortgage rates eased to their lowest levels in six months, an industry group said on Wednesday.
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New applications for US home mortgages increased last week, as purchase activity rose amid lower mortgage rates, an industry group said on Wednesday.
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SYDNEY (Dow Jones)--Housing demand may be on the rise again after a hiatus of half a year, bringing with it significant pressure on the Reserve Bank of Australia to raise interest rates.
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U.S. applications for home refinancing  came roaring back last week as consumers rushed to take  advantage of mortgage rates that remain historically low,  an  industry trade group said in Wednesday.
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Countrywide Financial Corp , whose shares have tumbled amid worries about the largest U.S. mortgage lender's survival prospects, on Wednesday said it made more loans than it expected in the fourth quarter, though homeowner foreclosures and delinquencies rose.
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Countrywide Financial Corp ,  whose shares have tumbled amid worries about the largest U.S.  mortgage lender's survival prospects, on Wednesday said it made  more loans than it expected in the fourth quarter, though  homeowner foreclosures and delinquencies rose.