US home loan requests rise as purchases pick up

Reuters: U.S. mortgage applications increased last week, driven by a brisk rise in demand for loans to purchase homes even as interest rates rose to 16-month highs.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended Nov. 4 increased 2.3 percent to 661.3, up from the previous week’s 646.7.

This entry was posted on Thursday, November 10th, 2005 at 1:15 am and is filed under Statistics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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