U.S. home refinance mortgage activity falls - 2006-03-15
U.S. consumers applied for less applications for refinance mortgage loans on their homes last week as interest rates on long-term loans climbed to near four-year highs. The Mortgage Bankers Association said its seasonally adjusted index of refinancing applications fell 1.9 percent to 1,583.6 versus 1,614.4 the previous week. A year earlier the index stood at 2,267.5.
Read the full story at San Diego Union Tribune

Inflation fears drive up mortgage rates - 2006-03-15
The housing market seems to have various factors weighing down on it. This morning, the Mortgage Bankers Association declared that 30-year mortgage rates are now at their highest levels since July 2002.
Mortgage rates are being nudged higher by the recent move in long-term bond yields. Housing demand has already begun to show signs of being affected by higher borrowing rates.
Read the full story at U.S. News & World Report