Economy - Wednesday (Investor's Business Daily)

[riky]

Economy - Wednesday
    (Investor's Business Daily)

 

Investor's Business Daily - The Mortgage Bankers Association said mortgage applications for the week ended May 9 rose 2.9% to 674.4. The group said applications rose for a 2nd week as lower interest rates sparked a 6.5% jump in refinancing activity. Applications for buying a home fell 0.7%. With Treasury yields near 2008 highs, mortgage rates are moving back up.


You are not allowed to view links. Register or Login/news.yahoo.com/s/ibd/20080514/bs_ibd_ibd/20080514econbrief