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)
- HARP Activity Increasing Even as Refinancing Contracts
- purchase apps rise as refinance demand falls
- purchase mortgage demand hits 2011 high
- Plunging Mortgage Rates Won't Juice Housing
2011-04-21 — mortgagenewsdaily.com
``"Purchase application volume jumped last week largely due to another sharp increase in applications for government loans. Borrowers were likely motivated to apply for loans before the scheduled increase in FHA insurance premiums," said Michael Fratantoni, MBA's Vice President of Research and Economics. "Refinance activity increased somewhat, as rates dropped to their lowest level in a month towards the end of the week."''
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