Requests for home loans riseNews added by ProWEB Media on July 29, 2010
Gary Linnell

ProWEB Media

Joined: December 27, 2005

For the second consecutive week, requests for home loans climbed to the highest level since June. However, this figure still falls just above a 13-year low, the Mortgage Bankers Association reports.

The group says its mortgage market index fell by a seasonally adjusted 4.4 percent in the week ended July 23.

Meanwhile, average 30-year mortgage rates climbed to 4.69 percent -- an increase of 0.10 percent since the group starting tracking rates in 1990.
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