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Hardworking arrow News arrow Business arrow Business arrow Home Sales, Mortgage Applications Feel Holiday Lull (BusinessWeek Online)
Home Sales, Mortgage Applications Feel Holiday Lull (BusinessWeek Online)
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BusinessWeek Online - Mortgage application activity faltered last week as rates edged up and holiday duties rose to the tops of priority lists, according to a report issued Wednesday by the Mortgage Bankers Assn. For the critical retail week ending Dec. 22, the MBA's Market Composite Index, a measure of mortgage loan appreciation volume, decreased 14.2% to 555.8 on a seasonally-adjusted basis from 647.6 the week ending Dec. 15. On an unadjusted basis, the index was up 16.6% year-over-year.
Read more at: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/bw/20061228/bs_bw/db20061227591452.
 
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