Wednesday, June 20, 2007

U.S. mortgage applications dropped last week - MBA

(Reuters) - Thirty-year mortgage interest rates dipped 0.01 percentage
point last week to 6.60 percent, the MBA said.




The MBA's seasonally adjusted purchase index fell 3.0
percent to 450.9 while its refinancing applications index shed
4.2 percent to 1,776.8 on a seasonally adjusted basis.


Read more at Reuters.com Economic News

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