Investor's Business Daily - Home loan demand rose 2.2% in the week ended Oct. 3, according to the Mortgage Bankers Association's index. Mortgage applications for buying a home rose 3.2% -- from the prior week's 6-year low -- with the Federal Housing Administration continuing to gain market share. Refinancing activity edged up 0.9%. The average rate on a 30-year fixed-rate loan fell to 5.99% from 6.07%. The rate on a 15-year fixed mortgage decreased to 5.71%, the lowest in three weeks. A one-year ARM dipped to 6.6%.
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