by
Patrick McGee
on
June 24 2009, 8:06 AM
Loan applications for mortgages increased last week for the first time in a month, as average rates for a 30-year fixed rate mortgage edged downwards, a weekly report said Wednesday. Demand for applications advanced 6.6% in the week ending June 19, according to the Mortgage Bankers Association, who have been conducting the survey since 1990. From the MBA Press Release: "The Market Composite Index, a measure of mortgage loan application volume, was 548.2, an increase of 6.6 percent on a seasonally