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Mortgage demand dips on rising rates (Reuters)



A short-term low-interest loan from Prudential Financial's Social Investment Program has helped Preservation of Affordable Housing acquire 132 affordable housing units at Brandy Hill Apartments in Wareham, Mass at the mouth of Cape Cod. (Photo: Business Wire)Reuters - U.S. home loan demand cooled last week as rising mortgage rates curbed refinancing requests that had soared to a 14-month high, the Mortgage Bankers Association said on Wednesday.

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This entry was posted on Wednesday, July 28th, 2010 at 10:14 am and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Mortgage applications fall 4.4 percent last week (AP) »

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