Demand For Home Loans Drops 5.5%
Published Wednesday, May 17, 2006 by Real Estate Pro | E-mail this postReuters reports a drop in mortgage applications: Mortgage applications fell for the first time in three weeks, as a near four-year high in interest rates dissuaded consumers from taking out loans, an industry trade group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended April 7 fell 5.5% to 579.4 from the previous week's 612.8.
Tagged: Bubble
Demand For Home Loans Drops 5.5%
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