Mortgage Applications in U.S. Climbed Last Week From 2-Year Low

"The Mortgage Bankers Association’s index of loan applications rose 11 percent in the week ended Jan. 28 after dropping 13 percent the prior period, figures from the Washington-based group showed today. The previous reading, the lowest since November 2008, was not adjusted to reflect a shortened work schedule due to the Martin Luther King Jr. holiday on Jan. 17, the group said."