www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> America
US mortgage applications slump to 8-year low
(Agencies)
Updated: 2009-02-11 21:58

NEW YORK -- Demand for US mortgage applications tumbled nearly 25 percent last week, with requests for loans to buy homes sinking to an eight-year low, the Mortgage Bankers Association said on Wednesday, as potential buyers hold out for better terms and government help.

Demand for US mortgage applications tumbled nearly 25 percent last week, with requests for loans to buy homes sinking to an eight-year low. [Agencies]

The Mortgage Bankers Association's seasonally adjusted home purchase applications index slid 9.8 percent in the week ended February 6 to 235.9, its lowest level since the end of 2000.

Related readings:
 GOP wants mortgage relief, tax cuts in stimulus
 US house prices continue to fall despite low mortgage rates
 US backing away from buying bad mortgage assets
 GOP circulates plan to cut mortgage cost

Average 30-year mortgage rates slipped to 5.19 percent from 5.28 percent a week earlier, the trade group said.

The rate has fallen more than a full percentage point in three months, but is up about 3/8 point from early this year and seen heading lower.

"In addition to waiting for the rate, you have home prices continuing to come down, so why would I pay $200,000 today when I can pay maybe $180,000 in a couple months or even $150,000," Daniel Penrod, industry analyst for the California Credit Union League in Rancho Cucamonga, California, said on Tuesday. The government is "really pushing against some very strong forces."

US Treasury chief Timothy Geithner on Tuesday proposed pumping $2 trillion into the banking system to sop up bad assets, restore credit and revive lending at lower mortgage rates.

Expectations that government steps could yank 30-year home loan rates near 4 percent, a proposed $15,000 home-buying tax credit and the outlook for still lower house prices has raised the incentive to wait.

Home prices through November tumbled at least 25 percent from their mid-2006 peak, according to Standard & Poor's/Case-Shiller Home Price indexes. The descent should persist, with a record number of foreclosed properties dragging down market values, analysts have said.

The Mortgage Bankers Association's loan refinancing gauge tumbled 30.3 percent to 2,722.7 last week, its lowest level since the November 21 week and a far cry from the 7,414.1 reached in January when 30-year mortgage rates fell to 4.89 percent.

Intensified government actions will help, Penrod said, but the needed elixirs are more bank lending and a more stable employment picture.

"There's no urgency to jump in until prices settle," Penrod said. "Given the current state of unemployment and the projections there is still downward movement coming in the first half of the year for non-foreclosure sales and prices."

US employers slashed nearly 600,000 jobs in January, the biggest monthly cuts in 34 years, while the unemployment rate set a 16-year peak.

The $15,000 home buyer tax credit that is part of the economic stimulus program adopted by the US Senate would create nearly 500,000 home sales and add 255,000 jobs in the coming year, according to the National Association of Home Builders.

Analysts had also been predicting that at least a third of home owners applying to cut costs by refinancing would be turned down because of more rigid lending standards, job loss or because their home values have fallen below the size of existing mortgages.

Borrowers with mortgages that surpass their appraised home price are called "under water," or "upside down."

"Even with the proposed tax break and the rates dropping way down, it unfortunately doesn't change the water level for those drowning in their home debt," Penrod said.

主站蜘蛛池模板: 久久久亚洲精品国产 | 自拍偷自拍亚洲精品一区 | 国内视频自拍 | 欧美日韩黄色 | 在线播放性xxx欧美 在线播放亚洲视频 | 久久99久久99精品免观看 | 亚洲国产区 | 亚洲成a人片在线观看精品 亚洲成a人片在线观看中 | 岛国搬运工最新网地址 | 国产成人福利视频在线观看 | 国产在线观看xxxx免费 | 久久久久久网站 | 国产精品久久影院 | 国产欧美日韩综合二区三区 | 九九精品激情在线视频 | 中文字幕在线视频精品 | 91热成人精品国产免费 | 韩日黄色片 | 日本一级高清不卡视频在线 | 国产在线精品一区二区不卡 | 99草精品视频 | 国内美女福利视频在线观看网站 | 日韩在线资源 | 91精品久久久久亚洲国产 | 午夜神马视频 | 亚州三级| 国产亚洲精品久久综合影院 | 亚洲精品国产成人一区二区 | 日本欧美一级aaaaa毛片 | 国产成人一区二区视频在线观看 | 国产在线视频精品视频免费看 | 国产女人在线视频 | 久久国产免费观看 | 久久久久88色偷偷免费 | 成人怡红院 | 亚洲国内自拍 | 国产成人综合95精品视频免费 | 日韩视频一区二区三区 | 国产精品久久免费视频 | 在线精品国产三级 | 国产成人精品免费视频网页大全 |