US: Mortgage Applications Break 7-Week Decline.

US mortgage applications rose by 3.4% in the week ending October 23rd, marking the first increase since August, according to the Mortgage Bankers Association. The average 30-year fixed mortgage rate edged down to 7.37% in the week ending October 23, marking a second consecutive weekly decline. Applications for home purchases increased by 3.8% from the previous week, while refinancing applications rose by 2.7%.