U.S. mortgage needs new blood

U.S.: number of applications for mortgage loans increased during the week of 8.8%

In brief: U.S. is preparing for a new wave of chasing the mortgage and are waiting for new victims of mortgage

According to the Mortgage Bankers Association of the USA (MBA) the number of applications for mortgage loans increased by 8.8% for week ending June 25, a week earlier had declined to 5.9%.

In addition, the index of consumer confidence in the U.S., calculated by ABC News, increased during the week that ended June 27, up to -41 points from -43 points a week earlier. The index ranges from -100 to 100. The index of consumer confidence ABC News is calculated based on a survey of about 1.000 respondents and is considered a barometer of consumer spending, which accounts for two thirds of the U.S. economy. The degree of error is ± 3%.

Ukrainian Globalist
2010-06-30 18:27, Economics.

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