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  • Actual for You - Mortgage Applications Rise for First Time in Four Weeks

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    mists expect job gains and income growth to bring home purchases into the top three highest ever, despite the slowdown forecasts.

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    Mortgage applications rose last week, indicating that the slowdown in the housing market may be gentle.

    The Mortgage Bankers Association's index of applications to purchase a home or refinance an existing mortgage increased by 7% last week. That is the greatest increase since the end of April. The gauge remains below the same week last year, down by 34%.

    Higher borrowing costs have been forecasted to affect the housing industry. After five years of record highs, the downturn in the housing market is expected.

    Economists expect job gains and income growth to bring home purchases into the top three highest ever, despite the slowdown forecasts.

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    ociation's index of applications to purchase a home or refinance an existing mortgage increased by 7% last week. That is the greatest increase since the end of April. The gauge remains below the same week last year, down by 34%.

    Higher borrowing costs have been forecasted to affect the housing industry. After five years of record highs, the downturn in the housing market is expected.

    Economists expect job gains and income growth to bring home purchases into the top three highest ever, despite the slowdown forecasts.

    <
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    ncrease since the end of April. The gauge remains below the same week last year, down by 34%.

    Higher borrowing costs have been forecasted to affect the housing industry. After five years of record highs, the downturn in the housing market is expected.

    Economists expect job gains and income growth to bring home purchases into the top three highest ever, despite the slowdown forecasts.

    <
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    orecasted to affect the housing industry. After five years of record highs, the downturn in the housing market is expected.

    Economists expect job gains and income growth to bring home purchases into the top three highest ever, despite the slowdown forecasts.

    <
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    mists expect job gains and income growth to bring home purchases into the top three highest ever, despite the slowdown forecasts.

    "There is still an underlying demand for homes, which should keep the mortgage index from going into freefall," said Chris Rupkey, senior financial economist for Bank of Tokyo-Mitsubishi UFJ Ltd. "The mortgage index has fallen for a few weeks, so it is not surprising to see a bounce in activity this week.

    The refinancing index rose by 10.6%, the highest gain in a year. Refinancings remain 50% below last year's levels.

    The purchase index rose by 4.8% last week. It is 22% below last June's peak.

    The real estate mark

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