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Thursday, September 04, 2008

FHA Mortgage Activity --- Becoming the King of Loan!

29.1% of all mortgage applications in July, 2008 were for government-insured loans.
The government-insured share of mortgage applications has tripled since July 2007.
Conventional to FHA refinance applications have increased 317% since July, 2007.
Conventional to FHA refinance endorsements have increased 260.8% since July, 2007.
Applications for government-insured loans have increased 133.9% since July, 2007.
Applications for conventional loans have decreased 50.2% since July, 2007. 




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