Today's report also indicated that adjustable rate mortgages, both conventional and government, are declining in popularity. The percentage of applications for this type of loan fell to just 19.2% last week.
Wednesday, April 04, 2007
According to the application data from the Mortgage Bankers Association of America, government loans (FHA and VA) have gotten more popular in the last few weeks. Last week's index of applications for government-backed loans reached its highest level since July of 2005.
Today's report also indicated that adjustable rate mortgages, both conventional and government, are declining in popularity. The percentage of applications for this type of loan fell to just 19.2% last week.
Source: Mortgage Bankers Association of America
Today's report also indicated that adjustable rate mortgages, both conventional and government, are declining in popularity. The percentage of applications for this type of loan fell to just 19.2% last week.
