Home loan purchase demand up for a third straight week

Hope for a housing market that has struggled since tax credit expiration

By Julie Haviv

NEW YORK — The demand for U.S. mortgage applications to purchase homes rose last week for a third straight week as interest rates tumbled, the Mortgage Bankers Association said on Wednesday.

The low rates also buoyed demand for home refinancing loans, with activity rising in five out of the past eight weeks, the industry group said.

The trends provide a glimmer of hope for a housing market that has been struggling since the April 30 expiration of popular home buyer tax credits.

Read the entire article: http://www.msnbc.msn.com/id/38553718/ns/business-real_estate/

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About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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