February 22, 2012

Mortgage applications slump as rates rise

Mortgage applications slump as rates rise

A home for sale in Los Angeles is shown. Mortgage applications slumped last week as interest rates on 15- and 30-year fixed-rate mortgages rose for the first time in six weeks.Mortgage applications slumped last week as interest rates on 15- and 30-year fixed-rate mortgages rose for the first time in six weeks.