Investor's Business Daily - Home loan demand dived 19.2% in the week ended Feb. 22 as mortgage rates continued to rebound, the Mortgage Bankers Assoc. said. MBA's applications index fell to 665.1, the lowest so far in '08 and down 39% over 3 weeks. Refi activity plunged 30.4% during the week. Mortgage applications for buying a home edged up 0.2% from the prior week's near-5-year low. The 30-year fixed-rate mortgage hit 6.27%, up from 6.09% a week before and 5.5% in the week ended Jan. 18.
Wednesday, February 27, 2008
Economy - Wednesday (Investor's Business Daily)
Investor's Business Daily - Home loan demand dived 19.2% in the week ended Feb. 22 as mortgage rates continued to rebound, the Mortgage Bankers Assoc. said. MBA's applications index fell to 665.1, the lowest so far in '08 and down 39% over 3 weeks. Refi activity plunged 30.4% during the week. Mortgage applications for buying a home edged up 0.2% from the prior week's near-5-year low. The 30-year fixed-rate mortgage hit 6.27%, up from 6.09% a week before and 5.5% in the week ended Jan. 18.
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