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Mortgage Applications in U.S. Climbed Last Week From 2-Year Low

By Implode-Explode Heavy Industries

"The Mortgage Bankers Association?s index of loan applications rose 11 percent in the week ended Jan. 28 after dropping 13 percent the prior period, figures from the Washington-based group showed today. The previous reading, the lowest since November 2008, was not adjusted to reflect a shortened work schedule due to the Martin Luther King Jr. holiday on Jan. 17, the group said."

Full post as published by Mortgage Lender Implode-o-Meter on February 02, 2011 (boomark / email).