Mortgage Applications Rise 4.9 Percent On Low Rates - Spokane, North Idaho News & Weather KHQ.com

Mortgage Applications Rise 4.9 Percent On Low Rates

NEW YORK (AP) - A trade group says mortgage applications rose 4.9 percent last week as more borrowers refinanced at the lowest rates in decades.

The Mortgage Bankers Association said Wednesday the gain was fueled by a 5.7 percent increase in refinancing applications. The number of loans taken out to purchase homes edged up by less than 1
percent.

The numbers are adjusted for seasonal factors. While refinancing is at its highest level since May 2009, low mortgage rates have done little to boost home sales, which have been hurt by high unemployment, slow job growth and strict credit standards.

Rates have fallen since spring as investors sought the safety of Treasury bonds, lowering their yield. Mortgage rates tend to track those yields.
      
      (Copyright 2010 by The Associated Press.  All Rights Reserved.)
      

  • Most Popular StoriesMost Popular StoriesMore>>

  • Health advisory issued for Fernan Lake

    Health advisory issued for Fernan Lake

    Wednesday, July 18 2018 7:25 PM EDT2018-07-18 23:25:34 GMT
    Panhandle Health DistrictPanhandle Health District

    KOOTENAI COUNTY, Idaho - Panhandle Health District (PHD) and the Idaho Department of Environmental Quality (DEQ) have issued a health advisory for Fernan Lake. PHD is urging the public to use caution when recreating in or near the water. Water quality monitoring confirmed the presence of cyanobacteria, commonly known as blue-green algae. Blue-green algal blooms have the potential to produce dangerous toxins in areas of the lake. 

    >>

    KOOTENAI COUNTY, Idaho - Panhandle Health District (PHD) and the Idaho Department of Environmental Quality (DEQ) have issued a health advisory for Fernan Lake. PHD is urging the public to use caution when recreating in or near the water. Water quality monitoring confirmed the presence of cyanobacteria, commonly known as blue-green algae. Blue-green algal blooms have the potential to produce dangerous toxins in areas of the lake. 

    >>
  • Dog missing after fatal Spokane Valley crash has been found

    Dog missing after fatal Spokane Valley crash has been found

    Thursday, July 19 2018 1:19 PM EDT2018-07-19 17:19:32 GMT

    SPOKANE VALLEY, Wash. - UPDATE: Pamela called KHQ this morning to let us know her beloved dog Pearl has been found after our story aired Wednesday night. She tells us she's going to pick Pearl up from SCRAPS Thursday.

    >>

    SPOKANE VALLEY, Wash. - UPDATE: Pamela called KHQ this morning to let us know her beloved dog Pearl has been found after our story aired Wednesday night. She tells us she's going to pick Pearl up from SCRAPS Thursday.

    >>
  • Spokane man facing involuntary manslaughter charges

    Spokane man facing involuntary manslaughter charges

    Wednesday, July 18 2018 10:52 PM EDT2018-07-19 02:52:50 GMT

    COEUR D'ALENE, Idaho - A judge has picked the jury for the trial of a man charged in the deaths of three people who died in a 2016 boat crash on Lake Coeur d'Alene, but the start has been delayed. Wednesday, both the prosecutors and the defense were hoping to begin opening arguments, but they are still tied up in motions that have delayed the start. The jury was selected in the case for Dennis Magner, but they were asked to leave while both sides continue their motions. 

    >>

    COEUR D'ALENE, Idaho - A judge has picked the jury for the trial of a man charged in the deaths of three people who died in a 2016 boat crash on Lake Coeur d'Alene, but the start has been delayed. Wednesday, both the prosecutors and the defense were hoping to begin opening arguments, but they are still tied up in motions that have delayed the start. The jury was selected in the case for Dennis Magner, but they were asked to leave while both sides continue their motions. 

    >>
HD DOPPLER 6i
/