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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: Jim Willie CB who wrote (4247)	4/30/2003 9:38:34 AM
From: 4figureau	Read Replies (1) of 5423

Mortgage demand down for 6th week Home loan, refinancing applications fall for sixth straight week as housing market begins to cool. April 30, 2003: 7:25 AM EDT NEW YORK (Reuters) - The number of Americans applying for a loan to buy a home and those looking to refinance their homes dropped for the sixth consecutive week, according to an industry survey. The Mortgage Bankers Association of America said Wednesday its seasonally adjusted measure of demand for refinancings, the refinancing index, fell 0.2 percent to 5,092.0 in the April 25 week from 5,103.9 in the previous week. The association's measure of demand for loans to buy homes, the purchase index, fell 1.1 percent to 356.0 from 359.9 in the April 25 week, while the market index dropped 0.5 percent to 1,050.8. Refinancings accounted for 68.4 percent of the latest week's mortgage lending business and the contract rate for the most common home loan, the 30-year mortgage, was 5.51 percent. money.cnn.com

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