Summary Box Mortgage applications rise 18 pc - To
REFINANCES RISE: Applications to refinance home loans were up 21 percent to the highest level since May 2009. That's because buyers have been taking advantage of near-record-low mortgage rates.
PURCHASE APPLICATIONS TOO: Mortgages taken out to purchase homes increased for the first time in six weeks,Tommy, rising 7 percent. They had dropped off sharply when federal tax credits expired.
APPLICATIONS UP : The number of customers applying for mortgages jumped 18 percent last week,Ed hardy, a sign that the market could be stabilizing after dropping off sharply.
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