Mortgage Applications Up for Second Consecutive Week
Friday, July 18, 2008
Mortgage Applications Up for Second Consecutive Week
Mortgage applications in the U.S. rose for a second straight week, a sign that falling home prices are attracting some buyers. The Mortgage Bankers Association's index of applications to purchase a home or refinance a loan gained 7.5 percent in the week ended July 4. The group's purchase index increased 6.7 percent and its refinancing gauge climbed 8.7 percent.
-- “U.S. MBA's Mortgage Applications Index Increased 7.5% Last Week,” by Shobhana Chandra, Bloomberg News, July 9, 2008
Mortgage applications in the U.S. rose for a second straight week, a sign that falling home prices are attracting some buyers. The Mortgage Bankers Association's index of applications to purchase a home or refinance a loan gained 7.5 percent in the week ended July 4. The group's purchase index increased 6.7 percent and its refinancing gauge climbed 8.7 percent.
-- “U.S. MBA's Mortgage Applications Index Increased 7.5% Last Week,” by Shobhana Chandra, Bloomberg News, July 9, 2008
