With rates continuing to creep upward, mortgage applications dropped again last week.
Activity was down in the mortgage market last week as a result of spiking interest rates.
Mortgage applications for new home purchases were up in October.
HUD has been selling underperforming mortgages in an effort to keep homeowners in their houses, but the agency decided the bids on the latest batch were too low to accept.
Are attractive interest rates here to stay for the foreseeable future? A top bond analyst says yes.
A Republican congressman has taken aim at the FHA bailout, saying it heaped money onto the national debt spurring an "existential threat"