US Mortgage Applications Eased Again Last Week: MBA

jc18630 | Feb 27, 2013 07:30 AM ET As an aspiring homeowner, I can tell you that there is just not the supply out there to choose from. What is there is way over the price range of a first time homebuyer. I`m afraid first time buyers have been priced out of this market, and I think you will see prices come back down again to meet us at our comfortable price level.

StormT | Feb 27, 2013 08:03 AM ET Yep.....the Ole housing recovery. Mortgage apps keep dropping, so of course that means all those organic first time buyers are using cash right? Once the hedge funds decide to dump these houses, look out below!

antisocial | Feb 27, 2013 08:09 AM ET most banks sold their foreclosed homes to investors by the thousands, that left the first time buyer in the cold. that action also made alot of people rush in and buy, thinking it may be too late if they waited, i know a few people that regret buying when they did. they feel they over paid... as soon as the interest rates go up a bit home prices are coming down, and fast...i believe we going to have another round of fresh foreclosures by 2014...good luck.

jillkohler | Feb 27, 2013 08:47 AM ET I know as a licensed Pennsylvania mortgage loan officer, that we continue to see many applications for both purchase loans and refinances. The people that currently own homes and haven`t taken advantage of the low rates are getting concerned that they are going to loose out and rates will start increasing. And as far as our local real estate market, more and more young couples are taking advantage of hopefully the end of the lower priced housing market. netequityloans

StormT | Feb 27, 2013 09:41 AM ET Jill........."hopefully the END of lower priced housing market"......really? And how exactly do inflated home values benefit young couples???






Start a Conversation - Add Comments

Your Comment: ( Please enter all fields and security code. )

Name:
Email:
Website:
Topic:
Comments:
 
Word Verification:
 

Latest Comments

unemployment drops - Mikey-Likes-lt | Dec 7, 2012 08:47 AM ET Of course everyone wishes it was 300k or whatever, but the fact of ;the matter is that yesterday, and a half hour ago, the stock market expected this morning`... - by viola955

After an Eight-Month Ride, Home Builder Confidence Stalls - 720MP | Jan 16, 2013 10:05 AM ET still at the highest level in years, DJs is not portraying it as a negative and neither did the market

stockbandit91 | Jan 16, 2013 10:06 AM ET I can ... - by Train211

Housing Starts Fall as Northeast Feels Effects of Sandy - go@PTSC | Dec 19, 2012 08:49 AM ET Do you know how a volcano erupts? It builds and builds pressure until an EVENT happens. I see a parallel to that with PTSC. A lot of good news on legal issues. Too ... - by NYC54ZP

the interest rate tax deduction - Berosucci | Dec 6, 2012 12:49 PM ET If you are relying on the interest rate tax deduction to be able to "afford" a house, you are buying too much house.

gram01 | Dec 6, 2012 04:45 PM E... - by 8843HC

Housing is still in the doldrums - RadicalModerate | Feb 27, 2013 07:50 PM ET Out here in a midwestern red state, housing is still in the doldrums and will probably stay that way for years. We will soon have a major defense contractor... - by JT84



US Mortgage Applications Eased Again Last Week: MBA

Real Estate Agent Directory

Are you looking for a real estate agent in your area? At housing news blog, you can search for your local realtor and real estate service by using our agent search features.

Real Estate Agent Directory

Get listed!

Are you a real estate agent? Get listed for free with us! Complete a real estate agent profile form and get listed in a few days. Click on the link below to get started!

Free agent profile!