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Mortgage applications tumble, U.S. trade gap shrinks
(Reuters)

February 12th, 2009 · No Comments

A home for sale in the Noe Valley neighborhood is seen in San Francisco, California February 3, 2009. (Robert Galbraith/Reuters)Reuters – The U.S. trade deficit shrank 4 percent in December, as the global financial crisis cut U.S. imports and exports for the fifth straight month, while U.S. demand for mortgages tumbled nearly 25 percent last week as potential buyers held out for better terms.




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[Source: Yahoo! News: Business]

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