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Mortgage applications retreated last week: MBA (Reuters)

Wednesday, 25 January 2012 15:14 Webmaster
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A new home development is shown in Miami in this January 26, 2010 file photo. Housing-related stocks declined after data showed sales of new single-family homes fell for the first time in four months in December of 2011 and were shy of Wall Street expectations. The data followed the soft pending home sales report on January 25, 2012 and dented optimism that the housing market may have reached a bottom. REUTERS/Joe Skipper/Files (UNITED STATES - Tags: BUSINESS REAL ESTATE)

Reuters - Applications for home mortgages retreated last week, giving back some of the previous week's surge as interest rates rose, an industry group said on Wednesday.




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