(AFX UK Focus) 2009-01-28 12:15 U.S. mortgage applications plunged last week -MBA (Interactive Investor)
NEW YORK, Jan 28 (Reuters) - Applications for U.S. home mortgages cratered to levels not seen since November last week as rates held stubbornly above record lows engineered by the Federal Reserve earlier this month, according to data from an industry group on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity plunged by 38.8 percent to ...
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NEW YORK, Jan 28 (Reuters) - Applications for U.S. home mortgages cratered to levels not seen since November last week as rates held stubbornly above record lows engineered by the Federal Reserve earlier this month, according to data from an industry group on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity plunged by 38.8 percent to ...
Read More.. and DISCUSS