Mortgage applications surge as rates tumble

Courtesy MSNBC.com: Business  Wed, 09/09/2009 - 06:08

A prospective home buyer stands on the porch of a condominium for sale with her real estate agent in Somerville, Massachusetts in this file photo.U.S. mortgage applications surged last week, with demand rising to its highest level since late-May as consumers sought to take advantage of the lowest interest rates in months.




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