Relevant:
- MBA Reports 27 Percent Drop in FHA Purchase Apps Due to Higher FHA Premiums (As Innocent Buyers Pay Through The Nose For Past Downpayment Fraud)
- Refinance Applications Drop, Purchase Applications Rise: Survey
- home purchase loan applications highest since may
- Mortgage Applications Increase — or Did They?
- U.S. MBA Mortgage Applications Index Increased 2.1% Last Week
2010-10-06 — wallstreetexaminer.com
``So there was this big jump in mortgage purchase applications today... One possible driver of last week’s big increase in FHA applications was a desire by borrowers to get applications in before new FHA requirements took effect October 4th, which included somewhat higher credit score and down payment requirements.†The old “BUY NOW before we make it impossible for you†trick. So much for that pop.''
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