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Economy - Wednesday (Investor's Business Daily)

Started by riky, July 10, 2008, 02:42:02 AM

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riky

Economy - Wednesday
    (Investor's Business Daily)

 


Investor's Business Daily - The Mortgage Bankers Association said home loan applications rose in the week ended July 4, despite rising interest rates, to the highest level since early June. Refinance applications rose 8.7%. Demand for mortgages to buy a home grew 6.7%. The average rate for 30-year fixed-rate mortgages rose to 6.43% last week vs. 6.33% a week earlier.


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