Rates Continue Down; Loan Applications Up

For those folks looking to refinance or purchase, the news on Wednesday continues to be nothing but positive.

The Mortgage Bankers Association (MBA) reported that their refinancing index jumped 8.6% in the July 16 week, making for a nearly 30% gain over the past four weeks. The average 30-year mortgage fell 10 basis points . . . → Read More: Rates Continue Down; Loan Applications Up

Economic Events on July 22, 2010

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 450,000 new jobless claims last week, which would would be an increase of about 20,000 claims from last week’s unexpectedly low number.

At 9:30 AM EDT, Ben Bernanke will testify before the House Committee . . . → Read More: Economic Events on July 22, 2010