As Economy Grows, Home Purchase Applications Remain Strong

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Mortgage loan application volume for the week ending November 4 increased 2.3% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey, which was released today.The seasonally-adjusted Purchase Index increased 6.4% and the Refinance Index decreased 3.4% from one week earlier."The economy continues its steady growth, creating jobs and providing support for the housing market," says Quicken Loans Chief Economist Bob Walters. "As interest rates rise, homeowners are migrating in droves away from adjustable rate mortgages, and into the safety of fixed rate mortgages."  Mortgage News Home Current Headlines Next Article  Refinancing | Home Loans | Home Equity Loans | My Quicken Loans Login Mortgage News | Mortgage Rates | Mortgage Calculators | Apply Online Careers | Contact Us | Feedback | Site Map | Help | Search Security and Privacy | Disclosures and Licenses | Terms of Use © 2000 - 2005 Quicken Loans Inc., All rights reserved. Lending services provided by Quicken Loans Inc., a subsidiary of Rock Holdings Inc. “Quicken Loans” is a registered service mark of Intuit Inc., used under license. Build 2844 2005-11-10 14:08:36

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