Refinances On The Rise According To St Louis Refinancing And Finance Experts

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/refinances-on-t... St Louis Finance News: Good News As Refinances Increase Residential and Commercial Lending: 314-334-0210 | Floyd Tapia There may be some good new for the mortgage industry. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of mortgage loan application volume, increased 4.9 percent on a seasonally adjusted basis from the week of August 17, 2010. The Refinance Index increased 5.7 percent from the previous week and is at its highest level since...

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Home Sales Take Huge Plunge According To St Louis Home Mortgage Data

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/home-sales-take... St Louis Finance News: Data Coming From The Housing Industry Say Existing Home Sales Plunge 27 Percent | Residential and Commercial Lending: 314-334-0210 | Floyd Tapia Recent reports from the National Association of Realtors (NAR) show that purchases of existing homes plunged 27.2 percent to a 3.83 million annual rate. The pace compares with the median forecast of a 4.65 million rate, according to...

St Louis Mortgage Lenders Say Credit Card Debt Lowest In 8 Years

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: Consumer Credit Card Debt the Lowest in 8 Years Residential and Commercial Lending: 314-334-0210 | Floyd Tapia Today in financial news, the average combined debt for bank-issued credit cards like those with a MasterCard or Visa logo fell to $4,951 in the three months ended June 30, down more than 13 percent from $5,719 in the same period...

 

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St Louis Mortgage Professionals Fear Low Home Mortgage Sales May Sink Recovery

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: Lower Than Expected Home Sales Could Sink the Recovery | Residential and Commercial Lending: 314-334-0210 | Floyd Tapia With home sales plunging to their lowest level in 15 years, economists warn that a double-dip in housing prices is just around the corner, threatening to further slow the recovery. Existing home sales sank 27.2 percent in July, twice as much as analysts expected, to a seasonally...

St Louis Finance Community Notices Credit Card Fees Are Up

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-financ... St Louis Finance News: Bad News To Consumers As Credit Card Fees Are Up Residential and Commercial Lending: 314-334-0210 | Floyd Tapia According to the market research company Synovate, the average interest rate on existing cards jumped to 14.7 percent last quarter, up from 13.1 percent a year earlier. The jump created a dramatic spread of 11.45 percentage points between the average credit card interest rate and the prime rate which is the...

St Louis Mortgage Report Says HAMP Still Failing As Defaults Rise

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: HAMP Is Still A Failure With Defaults On the Rise | Residential and Commercial Lending: 314-334-0210 | Floyd Tapia According to a federal report released In August, only 36,695 homeowners received long-term mortgage modifications in July under the Obama administration’s Home Affordable Modification Program known as HAMP. This brings the total to 434,717 borrowers who have...

St Louis Mortgage and Finance Experts Expect Delinquencies To Rise

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: Delinquencies To Remain High According To Standard & Poor | Residential and Commercial Lending: 314-334-0210 | Floyd Tapia Standard & Poor recently announced that they expect home prices to remain down for some time. This gloomy report is largely based on declining mortgage applications, high unemployment, the number of distressed sales, and a backlog of...

St Louis Lending Community See Mortgage Owners Still Worried About Home Values

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-lendin... St Louis Finance New: Homeowners Are Still Pessimistic About Future Values of Their Homes | Residential and Commercial Lending: 314-334-0210 | Floyd Tapia American homeowners were less confident about the value of their homes in the second quarter of this year, with one-third believing home prices had not yet reached a bottom thus going lower according to the Zillow Second Quarter Homeowner Confidence Survey. Homeowners were more pessimistic about...

St Louis Mortgage Report Says 22 Cities In Danger Of Double Dipping

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: The Double Dip Syndrome May Be Right Around the Corner for 22 Cities | Residential and Commercial Lending: 314-334-0210 | Floyd Tapia The country may be heading for its new swan song financially speaking. Moody’s Economy.com just released statistics singling out 22 cities that are at real risk of slipping back into a recession in as early as three months. To come to this conclusion, the economists considered dwindling progress in...

St Louis Finance Report Says St Louis Commercial Loans Available

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-financ... St Louis Commercial Financing News: Large Banks Loaning to Small Business Again | Residential and Commercial Lending: 314-334-0210 | Floyd Tapia According to the Federal Reserve’s quarterly survey of senior bank loan officers, the demand for St Louis small business loans was unchanged. However, large banks whose assets are...