Posted by: cfigueira | September 22, 2010

Mortgage Industry news

Mortgage applications declined last week for a third consecutive time, hurt by a drop in purchase and refinancing. The Mortgage Bankers Association’s index fell 1.4% in the week ended Sept. 17 to the lowest in six weeks, Purchases fell by 3.3% and refinancing fell by 0.9%.

7:00: FHFA House price index for Jul…

Consensus: Flat, Previous -0.3%.

Advice:

With the consensus that the FHFA house price index will be flat, I would expect the market to improve today. You might want to lock in some short term deals to protect those profits from the last couple of days.

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