Content Tagged As housing_market

1 year 9 months ago

Number of mortgage applications drops

The number of mortgage applications dropped last week, as interest rates jumped. According to the Mortgage Banker's Association, mortgage applications fell 3% from last week. The Market Composite Index, which is a measure of mortgage loan application volume, also dropped 3% to the lowest level since November 2011. Despite...

4 years 8 months ago

Mortgage rates drop to record low

Mortgage rates fell for the second straight week to the lowest point in five decades, but it may not be enough to jump-start the housing market. Mortgage company Freddie Mac says the average rate for 30-year fixed loans dropped to 4.57 percent. That's down from the previous record of...

4 years 11 months ago

Bernanke: U.S. 'far from being out of the woods'

Problems in the housing market and high unemployment are the biggest economic challenges the nation faces, Federal Reserve Chairman Ben Bernanke said Wednesday. After suffering through the worst recession since the 1930s, the economy seems to have stabilized and is growing again, Bernanke said. But he warned: "We are...

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