Wednesday, May 23, 2007

UPDATE 1-US mortgage applications, rates rise last week-MBA

(Reuters) - The Mortgage Bankers Association said its mortgage
application index rose 1.6 percent to a seasonally adjusted
686.2 in the week ended May 18.




It was the highest reading since 690.5 in the March 9 week
and well above 552.6 in the same week a year earlier.


Read more at Reuters.com Bonds News

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