Mortgage Applications Rise Nearly 18 Percent - Spokane, North Idaho News & Weather KHQ.com

Mortgage Applications Rise Nearly 18 Percent

WASHINGTON (AP) - The number of customers applying for mortgages jumped last week, a sign that the market could be reviving after dropping off sharply last month.

The Mortgage Bankers Association says overall applications were up nearly 18 percent from a week earlier. Applications to refinance home loans were up 21 percent to the highest level since May 2009. That's because buyers have been taking advantage of near-record-low mortgage rates.

New mortgages taken out to purchase homes increased for the first time in six weeks, rising 7 percent. That's an encouraging sign for the housing market, as applications had dropped off sharply when federal tax credits expired.
      

(Copyright 2010 by The Associated Press.  All Rights Reserved.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • A pet translator could be available in the next 10 years

    A pet translator could be available in the next 10 years

    Tuesday, January 16 2018 12:24 AM EST2018-01-16 05:24:08 GMT

    What's the first thing you would do if you had a pet translator and you could understand your dog or cat? I'd probably immediately let my cat know how sorry I am for stepping on her tail all those times. Recent advances in artificial intelligence and machine learning suggest the dream of communicating with your pets could become a reality.

    >>

    What's the first thing you would do if you had a pet translator and you could understand your dog or cat? I'd probably immediately let my cat know how sorry I am for stepping on her tail all those times. Recent advances in artificial intelligence and machine learning suggest the dream of communicating with your pets could become a reality.

    >>
  • Parents arrested after 13 victims, ages 2 to 29, discovered held captive in California home

    Parents arrested after 13 victims, ages 2 to 29, discovered held captive in California home

    Tuesday, January 16 2018 2:09 AM EST2018-01-16 07:09:07 GMT

    PERRIS, California - Two parents are being held on $9 million bail each after a horrific discovery at a home in Perris, California Sunday.  The Riverside County Sheriff's Department says a 17-year-old girl escaped from her house in the 100 block of Muir Woods Road, in Perris and managed to call 911 from a cell phone she found inside the house.

    >>

    PERRIS, California - Two parents are being held on $9 million bail each after a horrific discovery at a home in Perris, California Sunday.  The Riverside County Sheriff's Department says a 17-year-old girl escaped from her house in the 100 block of Muir Woods Road, in Perris and managed to call 911 from a cell phone she found inside the house.

    >>
  • Intoxicated driver ditches stolen car after crashing into 6 vehicles downtown

    Intoxicated driver ditches stolen car after crashing into 6 vehicles downtown

    Monday, January 15 2018 8:25 PM EST2018-01-16 01:25:56 GMT

    SPOKANE, Wash. - Spokane Police responded to downtown Spokane Monday afternoon for a reported crash. The crash involved several vehicles and a drunk man taking off on foot, leaving his stolen vehicle behind. It happened around 1 p.m. Officers responded to the area of Main and Lincoln for a crash. As officers started to arrive in the area, they learned that the man who caused the crash was leaving the scene on foot.

    >>

    SPOKANE, Wash. - Spokane Police responded to downtown Spokane Monday afternoon for a reported crash. The crash involved several vehicles and a drunk man taking off on foot, leaving his stolen vehicle behind. It happened around 1 p.m. Officers responded to the area of Main and Lincoln for a crash. As officers started to arrive in the area, they learned that the man who caused the crash was leaving the scene on foot.

    >>
HD DOPPLER 6i
/