MSNBC Reports: Mortgage rates Stay low, with more Loan applications

Home loan demand rises as rates stay low 

Mortgage applications up driven by demand for purchases, refinancing

By Julie Haviv

NEW YORK — U.S. mortgage applications rose last week, driven by higher demand for both home purchase and refinance loans, as interest rates remained near record lows, an industry group reported on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes purchase and refinance loans, increased 5.8 percent for the week ended Nov. 5. It was only the third time in eight weeks that activity rose.
The four-week moving average, which smooths the volatile weekly figures, was down 1.9 percent.

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