US mortgage applications jump; rates ...

US mortgage applications jump; rates at record low

There are 10 comments on the www.reuters.com story from Mar 25, 2009, titled US mortgage applications jump; rates at record low . In it, www.reuters.com reports that:

U.S. mortgage applications jumped last week as record low interest rates spurred a surge in demand for home refinancing loans, data from an industry group showed on Wednesday.

Join the discussion below, or Read more at www.reuters.com.

Since: Mar 09

Fort Lauderdale

#1 Mar 25, 2009
Well thats some good news. the bad news, every1 is having a hard time finding jobs to afford those new low prices.
Greedy

Houston, TX

#2 Mar 25, 2009
JennyJen40 wrote:
Well thats some good news. the bad news, every1 is having a hard time finding jobs to afford those new low prices.
That's the catch ! Great deals when your dealing with cash but knowing if you'll have that cash flow later is the big leep of faith.

“Kiss Me You Fool!”

Since: Jan 08

Atlanta via Brooklyn NY

#4 Mar 25, 2009
JennyJen40 wrote:
Well thats some good news. the bad news, every1 is having a hard time finding jobs to afford those new low prices.
Those who can take advantage will, those who can't, won't.

There is no "everyone" that will do either one of the other. Folks with near perfect credit and funds can take advantage of the good news. We can't ask for much more than that.

This is good news.
Crazy Ox3thong

Waukegan, IL

#5 Mar 25, 2009
ReUter
jon

Ramsey, NJ

#7 Mar 26, 2009
forclosures are not being carried out! this will leave a gaping hole in the private and tax payer auctions! banks should be forced to comply!
Anti-Teleprompte r

United States

#9 Mar 26, 2009
OneRyder wrote:
<quoted text>
Those who can take advantage will, those who can't, won't.
There is no "everyone" that will do either one of the other. Folks with near perfect credit and funds can take advantage of the good news. We can't ask for much more than that.
This is good news.
Are home buyers more creditworthy and flush with cash today than they were last year or three years ago?
I hope that mortgage lenders have learned their lesson and abandoned the practice of 110% financing, no documentaciĆ³n loans, variable rates, and baloon payments.
I hope they are not just using billions of our tax dollars just to finance another few rounds at the roulette table.

“Tell the Truth”

Since: Nov 07

Orlando, Florida

#10 Mar 27, 2009
Investors (many are foreign) are buying up large blocks of foreclosed homes - sometimes as many as100 hundred or more at a time.

Eventually, all of America will be owned and operated by people other than Americans.
Anti-Teleprompte r

United States

#11 Mar 27, 2009
Donna Atlanta GA wrote:
Investors (many are foreign) are buying up large blocks of foreclosed homes - sometimes as many as100 hundred or more at a time.
Eventually, all of America will be owned and operated by people other than Americans.
If they think they can turn a profit renting out those homes to the same bums who couldn't make the payments in the first place, then more power to them. If the economy doesn't improve, then they may end up just keeping the seat warm and then selling at an even lower price than what they paid.

“Tell the Truth”

Since: Nov 07

Orlando, Florida

#12 Mar 27, 2009
Anti-Teleprompter wrote:
<quoted text>
If they think they can turn a profit renting out those homes to the same bums who couldn't make the payments in the first place, then more power to them. If the economy doesn't improve, then they may end up just keeping the seat warm and then selling at an even lower price than what they paid.
Unfortunately, those "same bums" will be the ones living next door to you and me. Can you say property devaluation?
FORMALLY ABDUCTED

West Palm Beach, FL

#13 Mar 27, 2009
Anti-Teleprompter wrote:
<quoted text>
Are home buyers more creditworthy and flush with cash today than they were last year or three years ago?
I hope that mortgage lenders have learned their lesson and abandoned the practice of 110% financing, no documentaciĆ³n loans, variable rates, and baloon payments.
I hope they are not just using billions of our tax dollars just to finance another few rounds at the roulette table.
I hope so too!now will folks be able to hang on to their incomes-sad story:a young couple recently re-fied with their bank and both of them were laid off four days later and are heading right back where they started,they worked at the same place and had no idea that for the last several months they were training their over seas replacements-thank you IBM,you are one of the bastard corporations who lobby for stimulas money and contribute nothing to help our nations economy.

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