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Economy - Tuesday (Investor's Business Daily)

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07-17-2008, 06:09 PM

Gurmastak Singh Gurmastak Singh is offline

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Join Date: Feb 2007

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Economy - Tuesday (Investor's Business Daily)

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Investor's Business Daily - As interest rates continue to fall, an index of home loan demand increased to 522.2 for the week ended July 11, up from 513.4 a week earlier, according to the Mortgage Bankers Association. Refinancing activity grew 6.9%, but applications for loans to buy a home dipped 1.7%. The average 30-year fixed mortgage rate fell to 6.22%.

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