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"U.S. home loan demand slips Jump in mortgage rates weighs on number of home loan applications this week. October 23, 2002

NEW YORK (Reuters) - The highest mortgage rates since late July put a damper on U.S. mortgage applications last week, a trade group said Wednesday. The number of mortgage applications fell 12.4 percent last week after borrowing rates for the most popular mortgages rose to their highest levels since the week ended July 26, according to the Mortgage Bankers Association of America (MBA). The housing market has been a crucial prop to a sagging economy. The sector is showing early signs of slowing as borrowing rates rise, but is still strong by historical standards."

1 posted on 10/24/2002 4:49:27 PM PDT by rohry
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To: sinkspur; bvw; Tauzero; robnoel; kezekiel; ChadGore; Harley - Mississippi; Dukie; Matchett-PI; ...
Market WrapUp is delivered...
2 posted on 10/24/2002 4:54:33 PM PDT by rohry
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To: sinkspur; bvw; Tauzero; robnoel; kezekiel; ChadGore; Harley - Mississippi; Dukie; Matchett-PI; ...
Market WrapUp is delivered...
3 posted on 10/24/2002 4:56:18 PM PDT by rohry
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To: sinkspur; bvw; Tauzero; robnoel; kezekiel; ChadGore; Harley - Mississippi; Dukie; Matchett-PI; ...
Market WrapUp is delivered...
4 posted on 10/24/2002 4:56:40 PM PDT by rohry
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To: sinkspur; bvw; Tauzero; robnoel; kezekiel; ChadGore; Harley - Mississippi; Dukie; Matchett-PI; ...
Market WrapUp is delivered...
5 posted on 10/24/2002 4:58:10 PM PDT by rohry
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To: sinkspur; bvw; Tauzero; robnoel; kezekiel; ChadGore; Harley - Mississippi; Dukie; Matchett-PI; ...
Market WrapUp is delivered...
7 posted on 10/24/2002 4:59:25 PM PDT by rohry
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To: rohry
Panic phase getting to ya, rohry? ;-)
14 posted on 10/24/2002 5:44:16 PM PDT by Huck
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To: rohry
BTTT
17 posted on 10/24/2002 6:15:39 PM PDT by Gritty
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