Bankers Or Us
December 2, 2010 by staff
• CONSTRUCTION: Spending on construction projects rose 0.7 percent in October, marking the second consecutive month, something that has not happened since the spring.
• Mortgages: The mortgage applications fell last week, led by a sharp drop in refinancing rate slightly increased. The Mortgage Bankers Association said Wednesday applications overall loans have fallen from 16.5 percent the previous week. Refinancing applications dropped 21.6 percent, while purchase applications rose slightly from 1.1 percent the previous week. The survey adjusted for the Thanksgiving holiday.
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