Mortgage applications for home purchases are a leading indicator of home sales. The decline was driven by a rise in fixed 30-year mortgage rates.Market Realist
According to the latest data released by the Federal Reserve on May 22, 2015, commercial and industrial loans for all US commercial banks increased by 11.8% in the week ending May 13, 2015.Market Realist
The Mortgage Bankers Association's report on mortgage applications noted a week-over-week decrease in the group's seasonally adjusted composite index for the week ending May 22.24/7 Wall St.
Those who aim to buy a home with a lower down payment and lower credit scores may find that a conventional loan costs them more.Credit.com
Borrowers are pulling back from refinances and struggling to make home purchases during a historically busy time of year for housing.CNBC