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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (30146)4/6/2005 11:11:20 AM
From: ild  Read Replies (2) of 110194
 
07:09 ET Mortgage Apps Decline, Rates Fall : Mortgage applications fell for the sixth time in eight weeks; the popular mortgage gauge fell 4.4%, moving to 644.5 from 674.3, according to the Mortgage Bankers Association. This is the lowest level since Jan as purchases and refinancing slowed. Average 30-year rates fell to 5.91% from 6.08%. The rate remains lower from its June high of 6.34%, same month the Fed started raising rates. 15-year adjustable rate fell to 5.48% from 5.61%. The purchases index fell 5.3% to 446 last week. The refinancing index fell 3.1% to 1798.8.
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