(Reuters) - "With short-term rates increasing in the second half of
2006 relative to the first half of the year and a large number
of adjustable-rate mortgages facing resets into higher
payments fixed-rate mortgage products increased in popularity
both for first liens and second liens," it said in a report.
Mortgage creation rose by 11 percent in terms of dollar
amount and 19.4 percent based on loan count, the MBA said. Home
purchase volume rose 2.9 percent in dollars and 7.6 percent by
loan count. Refinancing volume jumped 22.4 percent in dollars
and 38.7 percent by loan count.
Read more at Reuters.com Bonds News
2006 relative to the first half of the year and a large number
of adjustable-rate mortgages facing resets into higher
payments fixed-rate mortgage products increased in popularity
both for first liens and second liens," it said in a report.
Mortgage creation rose by 11 percent in terms of dollar
amount and 19.4 percent based on loan count, the MBA said. Home
purchase volume rose 2.9 percent in dollars and 7.6 percent by
loan count. Refinancing volume jumped 22.4 percent in dollars
and 38.7 percent by loan count.
Read more at Reuters.com Bonds News
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