Morning Minute: Mortgage applications for new purchases at yearly high

Mortgage applications for new home purchases rose 0.1 percent, marking the fourth week of increases and a high for the year, according to the latest index from the Mortgage Bankers Association. Reuters has the details in its article, “Mortgage applications rose last week: MBA.”

More of the day’s headlines:

LPS: Foreclosure starts drop 21.9% on mortgage servicing settlementHousingWire

Housing is adding more vigor to the recovery, report saysLos Angeles Times

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