Wednesday, May 30, 2007

UPDATE 1-US mortgage applications fell last week-MBA

(Reuters) - The Mortgage Bankers Association said its seasonally
adjusted index of mortgage applications for the week ended May
25 dropped 7.3 percent to 636.4.




Borrowing costs on 30-year fixed-rate mortgages, excluding
fees, averaged 6.32 percent, up 0.09 percentage point from the
previous week and its highest since the week ended Oct. 20,
when it stood at 6.36 percent.


Read more at Reuters.com Economic News

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