| 23.10.2008 - U.S. mortgage applications sink to 8-year low |
| From Reuters: Demand for applications to buy U.S. homes and refinance mortgages sank to the lowest level in nearly eight years, a trade group said on Wednesday, in the heart of a financial crisis that has sapped consumer confidence. The Mortgage Bankers Association's seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, slid 16.6 percent to 408.1 last week, the lowest reading since December 2000..... Full Article: Source |