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Mortgage Rates Online News Mortgage demand drops despite falling rates (USA Today) Mortgage applications fell last week despite a drop in interest rates, the Mortgage Bankers Association said Wednesday. Read more Fannie, Freddie woes raising mortgage rates (MSNBC) Fannie Mae and Freddie Mac may or may not need a government bailout, but the turmoil surrounding the mortgage finance companies’ is raising interest rates, fees, closing costs. Read more Mortgage applications drop to lowest level since late 2000, despite lower interest rates (Minneapolis-St. Paul Star Tribune) NEW YORK - Mortgage application volume fell last week to its lowest levels in nearly eight years, the Mortgage Bankers Association said Wednesday. The fall in application volume is the latest sign of a struggling housing market. Read more Mortgage volume fell 1.5% last week: MBA (Market Watch) Mortgage rates fell last week, yet that didn’t inspire more borrowers to apply for a mortgage, according to the Mortgage Bankers Association’s latest survey, released on Wednesday. Read more US mortgage application index drops 1.5% (ShareCast via Yahoo! UK & Ireland Finance) US mortgage applications declined by 1.5% last week despite a drop in interest rates. Read more

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