Mortgage Applications Decrease in MBA Weekly Survey

Mortgage applications fell for the first time in a month as key interest rates increased last week, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending October 18.

September Existing Home Sales Fall 2.2%

Existing home sales fell by 2.2 percent in September, following two consecutive months of increases, the National Association of Realtors reported yesterday.