| May 11, 2011 11:15AM Yet another study has been released which indicates home prices are trending lower. CoreLogic's March Home Price Index (HPI) pegs that decline at 7.5 percent in March compared to the HPI in March 2010. March was the 8th straight month when the HPI was lower than it was during the same period a year earlier. "Last year the First Time Homebuyer Tax Credit pulled a significant number of sales forward and, to an extent, artificially supported prices. So, absent the tax credit, it is understandable... May 11, 2011 9:56AM The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 6, 2011. The MBA's loan application survey covers over 50% of all U.S. residential mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The data gives economists a snapshot view of consumer demand for mortgage loans. In a falling mortgage rate environment, a trend of increasing refinance applications implies consumers are seeking out lower monthly payments...
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