Each Wednesday, the Mortgage Bankers Association releases its Weekly Applications Survey, a detailed look at new mortgage applications submitted over the previous 7 days. This week’s report will reveal what most of us already know — plunging mortgage rates created a flood of mortgage activity. If you’re among the many Americans taking advantage of today’s [...]

Despite soft housing numbers and evidence of a slowing economy, mortgage rate shoppers found reason to celebrate: Citigroup was “rescued” Wall Street liked the new economic team The government pledged $600 billion to buy investment-grade mortgage bonds These 3 elements helped drive mortgage rates to their lowest levels since January 2008 — in some cases [...]