Wausau Real Estate - Mortgage Applications Down

June 9, 2010: Mortgage Applications

• Mortgage purchase applications--which do not take into consideration all-cash transactions--fell 5.7 percent the week ending June 4th, marking five consecutive weeks of decline after the tax credit expired on April 30th. Purchase applications are down 35 percent over the past four weeks.
• Refinance activity slowed 14.3 percent, despite interest rates falling to 4.81 percent on a 30-year fixed mortgage.