Despite Decline, Housing Still Strong

  Our Goals

Today's Mortgage Bankers Association's Weekly Mortgage Applications Survey showed that for the week ending Dec. 23, the Market Composite Index, which measures mortgage loan application volume, decreased 6.8 percent from the week before.The seasonally-adjusted Purchase Index decreased by 4.5 percent to 432.9 from 453.1 the previous week. Refinance activity, according to the Refinance Index, decreased by 11.2 percent."Despite a decline last week in new home sales and today's mortgage application report, housing is still strong, supported by low long-term interest rates and strong employment gains," said Bill Emerson, Quicken Loans CEO. "As recent refinance activity has shown, consumers are wisely refinancing from adjustable rate mortgages into long-term, fixed-rate programs to defend against rising short-term rates."  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 About Us | 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 3105 2005-12-28 15:13:43

Our goal is to become your source for mortgage information and companies providing valuable information on the mortgage industry as well as a comprehensive listing of mortgage companies. If you have any ideas or suggestions for our site, please email us at info@mortgage-companies.net.