September New Home Purchase Mortgage Applications Down 16.2%

Mortgage applications for new home purchases decreased 16.2 percent from a year ago, the Mortgage Bankers Association reported Tuesday in its September Builder Applications Survey. From August, applications decreased by 4 percent.

September New Home Purchase Mortgage Applications Down 16.2%

Mortgage applications for new home purchases decreased 16.2 percent from a year ago, the Mortgage Bankers Association reported Tuesday in its September Builder Applications Survey. From August, applications decreased by 4 percent.

September Mortgage Credit Availability Up 1.5%

Mortgage credit availability increased for the third straight month in September to its highest level in five months, the Mortgage Bankers Association reported Tuesday.

September Mortgage Credit Availability Up 1.5%

Mortgage credit availability increased for the third straight month in September to its highest level in five months, the Mortgage Bankers Association reported Tuesday.