Skip to main content

Mortgage Applications Fall February 2011

Mortgage Applications Fall February 2011 - Mortgage applications in the week of February 4th fell 5.5% after having risen 11.3% in the previous week. It was the second decline in the last three weeks.

In the past year the average weekly change has been -0.2%; in the past six months the average has tilted lower to -1.4%. From January 2000 until the end of 2005 applications increased an average of 0.8% per week; from January 2006 until the end of the decade the weekly change was 0.6%.

Refinancing accounted for 66.6% of mortgage application in the latest reporting week, slightly below the average over the past year of 73.2%. For the past ten years, from January 2001 until this February the weekly refinancing average has been 46.6%. The refinancing percentage of total applications was a bit lower in the first half of the last decade at 47.7%, than the second at 55.2%. At the peak of the housing bubble in 2005 and 2006 refinancing accounted for only 41.9% of new mortgage applications.

Read more:

Mortgage Applications Fall February 2011


Popular posts from this blog

Work-Related Personal Development Plans

Work-Related Personal Development Plans - Personal development refers to activities that improve self-knowledge and identity, develop talents and potential, build human capital and employability, enhance quality of life and contribute to the realization of dreams and aspirations. The concept is not limited to self-development but includes formal and informal activities for developing others, in roles such as teacher, guide, counselor, manager, coach, or mentor. Finally, as personal development takes place in the context of institutions, it refers to the methods, programs, tools, techniques, and assessment systems that support human development at the individual level in organizations.

At the level of the individual, personal development includes the following activities:

* improving self-awareness
* improving self-knowledge
* building or renewing identity
* developing strengths or talents
* identifying or improving potential
* building employability or human ca…

Urban Meyer Stepping Down

Urban Meyer Stepping Down - Well, it appears as if it’s deja vu all over again.

Less than 12 months after retiring and then un-retiring, Urban Meyer is apparently stepping down as Florida’s head coach. There’s no word on if he will be stepping back up tomorrow.

Urban Meyer Stepping Down

According to Todd Wright of Sporting News radio, and AOL Fanhouse‘s Brett McMurphy Meyer will announce at a 5 p.m. ET press conference Wednesday that he is resigning/retiring as the Gators’ head coach. There are no further details available at this time, other than GatorUpdates reporting over the weekend that Meyer checked into a hospital the week of the UGA game and has been undergoing tests since.

Obviously, we’ll have more on this story throughout the day and well into the night…

Urban Meyer Stepping Down

Matt Cassel Undergoes Appendectomy

Matt Cassel Undergoes Appendectomy - The mystery of Matt Cassel missing practice Wednesday coupled with the Kansas City Chiefs promoting quarterback Tyler Palko has been solved.

The team has announced that Cassel underwent an appendectomy on Wednesday morning. The Chiefs say they expect Cassel to return to work this week. Returning to work and being ready to perform well in the team’s biggest game of the season on Sunday against San Diego are two different things. ESPN’s Adam Schefter is reporting the Chiefs are viewing Cassel as being questionable to play in the game.

Clearly, this is terrible timing. The Chiefs are 8-4 and would take a major step toward the playoffs with a win over the Chargers. Cassel has played very well for the past two months. If he can’t play, the brittle Brodie Croyle would face the Chiefs in his first action of the season. Croyle last played in Week 13 of the 2009 season.

Matt Cassel Undergoes Appendectomy

Cassel’s availability will come down to whether he…