Wednesday, July 19, 2006


ne menge los heute.....


WASHINGTON (MarketWatch) - Applications for mortgage loans at major U.S. banks fell by a seasonally adjusted 4.6% last week, the Mortgage Bankers Association reported Wednesday.
Applications were down 31.3% from a year ago.

The purchase index sank by 6.2% to a level 19% lower than a year ago. The refinance index fell 1.6% to a level 46% lower than a year ago.

The decline in purchase applications in the past year has been much steeper than the recent drop in U.S. home sales. New-home sales have sunk about 6% in the past year, while sales of existing homes are down about 7%.

Refinancings accounted for 35% of total applications last week, up from 34% in the prior week, the MBA's survey data showed. At the peak of the refinance boom in 2003, refinancings accounted for more than 80% of applications.

Adjustable-rate loans accounted for 29% of applications, up from 28.7% last week. In March 2005, ARMs accounted for just over 36% of applications.

Mortgage rates fell to a four-week low last week.

The average rate for a 30-year fixed loan fell to 6.73% from 6.81% on a week-to-week basis.. Similarly, the rate for a 15-year fixed averaged 6.38% vs. 6.40% last week.
One-year ARMs fell 6.28% from 6.41%, up from 6.22%; it's the highest since February 2001.


Construction of new homes fell by 5.3 percent in June, the Commerce Department reported Wednesday in another signal that the once-booming housing market is beginning to slow.

Builders started construction on new homes at a seasonally adjusted annual rate of 1.85 million units last month.Applications for building permits, considered a good sign for future activity, fell for a fifth straight month, dropping by 4.3 percent in June to a seasonally adjusted annual rate of 1.862 million units.



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