Application volume is flat as refinance activity slows

In this scenario, you own the house, the seller is just acting as the bank. If you don’t pay, the seller can foreclose on you and take the house back. A second option is to have a traditional loan for a portion of the mortgage and have the seller carry the remainder of the amount.

With refinance activity rising to its highest level in three years, mortgage application volume increased 26.8% from one week earlier, according to the Mortgage Bankers Association.

Mortgage application volume rises again on refinance activity Refinances drove mortgage applications up for the second week as mortgage rates remained low, and overall application volume was at the highest level since June 2013 last week, according to the weekly Mortgage Bankers Association (MBA) applications survey released today.

Sitemap
^