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Loan Modification

: Mortgage Lender Implode-o-Meter

Rate Jump Pushes Mortgage Demand Lower

By Implode-Explode Heavy Industries

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``Mortgage rates jumped last week, driving mortgage demand lower, according to the latest survey from the Mortgage Bankers Association. Home loan application volume fell 5.5 percent on a seasonally adjusted basis during the week ending February 4, and was down 3.9 percent on an unadjusted basis compared to the previous week.'' -- Expect to see much more of this.

Full post as published by Mortgage Lender Implode-o-Meter on February 09, 2011 (boomark / email).

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