The number of applications for mortgages to buy homes rose to its highest level in six months last week.
The Mortgage Bankers Association Purchase Index rose 14.4% from a week earlier, the association said. No adjustment was made for Veteran’s Day, which occurred in the previous week.
The index is now at it’s highest reading since the week ending May 7, 2010.
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Continue reading New Mortgage Applications Hit Highest Level Since May
New Mortgage Applications Hit Highest Level Since May originally appeared on DailyFinance on Wed, 24 Nov 2010 08:03:00.
Filed Under: Economy, Real Estate, Credit