Houston Sees 15 Percent Drop in Mortgage Apps, Thanks to Hurricane Harvey – CandysDirt.com

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Another 17 per cent said they would neglect other financial obligations – such as credit card bills or mortgage payments – in order to free up funds. As an alternative, 12 per cent of survey.

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Houston’s foreclosure activity was up even before Harvey. Houston reported a 44 percent increase in total foreclosure activity, per the report. In terms of foreclosure starts, specifically, Houston saw a 67 percent increase compared to a year ago. So far in 2017, nearly 5,000 Houston-area homes have started the foreclosure process, up 28 percent compared to the first eight months of 2016.

Thousands of people likely remain stranded, and an estimated 30,000 to 40,000 homes have been destroyed in the Houston area by Hurricane Harvey, now a tropical storm.

Houston saw a 15 percent dive in mortgage applications after Hurricane Harvey, according to a report from the Mortgage Bankers Association.

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If the bank won’t play ball, you should then use mortgage comparison websites to see. percentage point interest rate cut, this is how much you will save every month. For a $300,000 loan: repayments.

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Houston Sees 15 Percent Drop in Mortgage Apps, Thanks to Hurricane Harvey. No Comments. Tweet; Over on CandysDirt.com, Candy takes a look at the impact Hurricane Harvey has already had on the real estate market when it comes to mortgage applications.. A Texas National Guardsman shakes.