Wednesday, June 20, 2007

US mortgage applications drop, housing mired in slump

(Reuters) - NEW YORK, June 20 - Applications to buy and refinance homes dropped last week, an industry trade group said on Wednesday, the latest sign that U.S. housing remains mired in a downturn.



The Mortgage Bankers Association's mortgage application index slid 3.4 percent to a seasonally adjusted 643.7 in the week ended June 15.


Read more at Reuters.com Bonds News

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