Mortgage Applications Rise as Interest Rates Slip(January 12, 2006) --
Demand for home-loan applications rose for the first time in five weeks in response to a drop in mortgage interest rates, according to the Mortgage Bankers Association.
During the week ending Jan. 6, activity rose to 9.9 percent.
Borrowing costs on 30-year fixed-rate mortgages, excluding fees, averaged 6.08 percent, down 0.07 percentage point from the previous week's 6.15 percent—marking its fifth consecutive weekly decline.
Source: San Diego Union-Tribune (01/12/06)
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