Wednesday, February 29, 2012

Mortgage purchase applications jumped last week: MBA (Reuters)

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A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)Reuters - Applications for home mortgage purchases jumped last week as interest rates dipped, though demand for refinancing waned, an industry group said on Wednesday.


Source: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http%3A//news.yahoo.com/s/nm/20120229/bs_nm/us_usa_economy_mortgages

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