Reuters: Refinancing drove total U.S. mortgage applications to an eight-month peak, as loan rates fell to or near record lows, but demand to buy homes sank toward 13-year lows last week, the Mortgage Bankers Association said on Wednesday.
The U.S. housing market continued to deflate after a spring sales spree, fueled by now-expired federal tax credits [...]

(Reuters) – U.S. mortgage rates spiked last week, slashing refinancing demand, while requests for home purchase loans held steady amid a final rush for federal tax credits, Mortgage Bankers Association data showed on Wednesday.
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A record share of U.S. homeowners cut their loan principal when refinancing in the fourth quarter rather than tap their home’s equity for cash, home funding company Freddie Mac said Thursday.
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WASHINGTON (MarketWatch) — Question: I applied with my current lender to refinance my mortgage and was verbally preapproved. It’s been more than four months and still no decision. They just keep wasting time with stupid demands for more bank statements. Every time I send them a new batch of statements, they wait a month, then [...]