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Weekly mortgage applications drop on tiny rate bump

Total volume dropped 3.2 percent for the week ending January 23 on a seasonally adjusted basis, according to the Mortgage Bankers Association (MBA). The results include an adjustment for the Martin Luther King holiday as well. After huge gains at the beginning of this month, mortgage applications are still up a striking 36 percent from a year ago.

Mortgage Rates at New Lows in Early 2015

Freddie Mac today released the results of its Primary Mortgage Market Survey® , showing average fixed mortgage rates falling again amid declining bond yields and oil prices. Averaging 3.63 percent, the …

Brazil mortgage financing slumps as activity wanes, group says

A measure of mortgage loan disbursements in Brazil rose at the slowest pace in more than a decade as rising borrowing costs, a stagnant economy and eroding confidence dampened demand for home loans, an industry group said on Wednesday. The amount of mortgage loans funded with resources from the country's SBPE savings and loan system totaled 112.9 billion reais ($43.4 billion) last year, a 3.4 …