Wednesday, July 15, 2009

Mortgage Demand News

Mortgage demand rises for second week, an article from MSNBC.com, reports that U.S. mortgage applications rose for a second straight week, driven by a jump in demand for refinancing as interest rates tumbled. The Mortgage Bankers Association's seasonally adjusted index of mortgage applications (includes both purchase and refinance) increased 4.3% to 514.4 for the week ended July 10. Refinances accounted for 54.9% of the applications - up from 48.4% the previous week.
http://www.msnbc.msn.com/id/31920135/ns/business-real_estate/

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