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Mortgage applications fall sharply
Mortgage applications fall sharply Industry group's survey says higher interest rates depress refinancing activity; purchases rise. March 2, 2005: 7:38 AM EST NEW YORK (Reuters) - Applications for U.S. home mortgages decreased last week as a sharp drop in home refinancing activity offset an increase in purchasing amid a rise in interest rates, ...Job Gains Strong, But Jobless Rate Climbs
By Tim Ahmann WASHINGTON (Reuters) - U.S. employers added 262,000 jobs last month, the biggest gain in four months, but the good news for workers was tempered by a rise in the jobless rate. Other reports on Friday showed an unexpected, if slim, rise in factory orders in January and a dip in consumer sentiment last month. The Labor Department said February's increase in nonfarm employment, the biggest since October, came as auto ...Mortgage Applications Decreased Last Week
NEW YORK (Reuters) - Applications for U.S. home mortgages dropped last week as refinancing and purchasing activity slumped in a holiday shortened week, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity declined 10.6 percent to 605.7 in the week ended Dec. 31, after falling ...Confidence rises, current account spikes
By Ros Krasny CHICAGO (Reuters) - U.S. consumers turned much more upbeat in June, helped by some relief in gasoline pump prices and a rising stock market, a report showed on Friday. Separately, government data showed the current account deficit, the broadest measure of U.S. trade with the rest of the world, hit a record high on the first quarter. The U...adjustable rate mortgage
An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and so monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, discounted rate mortgage and balloon payment mortgage. Adjustable rates transfer part of the interest rate risk from the lender to the borrower. They can be used where unpredictable interest rates make fixed rate loans difficult to obtain. The ...For more information about variable rate mortgage: .
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