Mortgage Purchase Applications Jump: A New Wave Of Buying? - Yahoo Finance

Unlike the MBA Refinance Index, the MBA Purchase Index is driven by seasonal factors. The purchase index somewhat understates the true activity going on in the market, as professionals who are cash buyers have been responsible for a large chunk of the buying. The index wont count their activity.The real estate cycle starts picking up in late winter, and the selling season peaks in the summer, lasting until late fall. For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/mortgage-purchase-applications-jump-wave-170015630.html







SunTrust Mortgage Rates: Current Jumbo Mortgage Rates and FHA Home Loans for June 11





With the exception of mortgages backed by the Federal Housing Administration (FHA) for borrowers with low credit scores, the quotes are given assuming the borrower has strong financial standing. Moreover, lock-in periods apply for most mortgages and the loan terms may vary depending on the propertys location and geography. As far as SunTrusts current mortgage rates are concerned, the benchmark 30-year fixed home loan is now listed at a rate of 4.2%. For the original version including any supplementary images or video, visit http://easternmorningherald.com/suntrust-mortgage-rates-current-jumbo-mortgage-rates-and-fha-home-loans-for-june-11/1236346/