Mortgage Demand Rises for Third Week in a Row
The rebound in the U.S. economy continues on a steady path upward. Just last week, data showed that U.S. employers hired more than 200,000 workers for the third month in a row in February. Further evidence can be seen in the latest figures on demand for home purchases which rose for the third week in a row, according to the Mortgage Bankers Association (MBA). Applications for refinancing sagged though. The Association said its gauge of loan requests for home purchases gained 4.4 percent in the week ended March 9, 2012. However, its seasonally adjusted index of overall mortgage application activity,…