Wednesday, May 2, 2007

UPDATE 1-US home loan demand rises for second straight week

(Reuters) - NEW YORK, May 2 - U.S. mortgage applications rose for a second consecutive week as demand for home purchase loans outweighed slower refinancing activity, an industry trade group said on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and purchasing loans, for the week ended April 27 increased 0.6 percent to 657.2.


Read more at Reuters.com Bonds News

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