Wednesday, 09 May 2007

UPDATE 2-US mortgage applications rise in 3rd straight week

(Reuters) - NEW YORK, May 9 - U.S. mortgage applications increased for a third straight week, driven to a two-month high by demand for both purchases and refinancings, an industry trade group said on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted applications index rose 3.6 percent in the week to May 4 to 680.7, its highest since 690.5 in the week ended March 9.


Read more at Reuters.com Economic News

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