Wednesday, June 20, 2007

UPDATE 1-US mortgage applications drop, housing mired in slump

(Reuters) - The Mortgage Bankers Association's mortgage application
index slid 3.4 percent to a seasonally adjusted 643.7 in the
week ended June 15.




The drop in applications piled on to reports from the
country's builders and the government this week suggesting any
sustained housing rebound could be next year's business.


Read more at Reuters.com Economic News

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