Mortgage applications nationwide rose for the first time in four weeks during the week ended Aug. 4. At the same time, interest rates on long-term mortgages dropped to their lowest levels since March, according to the Mortgage Bankers Association. more [USA Today]
The rise in mortgage activity comes just as the Federal Reserve suspends its two-year campaign of raising interest rates. more [IHT]
Mortgage activity up as rates plunge
August 09, 2006 12:00AM
