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Mortgage News for Wednesday - May 3, 2006


• 15-year high in refinance mortgage activity, rates locked in
  Talks of an impending rise in borrowing rates made... more

• US home loan demand rises despite higher rates
  U.S. mortgage applications climbed for the first t...more

• Defaults on home loans rising
  Foreclosure activity across the Bay Area and Calif... more

• Fed's Stern says US economy on solid track
  Federal Reserve Bank of Minneapolis President Gary...more

• Report: Service U.S. Economy Expanded in April
  The nation's service sector survived higher energy... more

• Real estate starting to soften
  Home prices have continued to climb this year in L...more







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