Wednesday, 13 June 2007

UPDATE 2-U.S. home loan demand climbs even as rates surge

(Reuters) - NEW YORK, June 13 - U.S. mortgage applications
rose for the first time in three weeks even as interest rates
surged to their highest since mid-2006, an industry group said
on Wednesday.




The Mortgage Bankers Association said its seasonally
adjusted index of mortgage application activity ,
which includes both refinancing and purchasing loans, increased
6.6 percent to 666.5 for the week ended June 8.


Read more at Reuters.com Economic News

No comments: