Mortgage applications rise for third straight week
Demand for home mortgages in the U.S. climbed again last week.
The Mortgage Bankers Association (MBA) said Wednesday that mortgage loan application volume jumped 3% compared with the prior week, according to its seasonally adjusted index.
The Purchase Index for the week ending June 23 also rose 3%, the MBA said.
"Purchase applications increased for the third consecutive week to the highest level of activity since early May but remained more than 20% lower than year ago levels," MBA deputy chief economist Joel Kan said in a statement. "New home...