MBA Mortgage Applications

This is your Benzinga news summary and trader's outlook for Wednesday, June 1, 2011, covering overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are showing slight losses morning after the ADP employment data failed to meet analysts'...

MBA Mortgage Applications: up 1.3% versus down 4.4% last week. Thirty-year fixed mortgage rate decreased to 4.60% from 4.69%. Those are some pretty low rates. Time to buy a house. SPDR S&P Homebuilders (ETF) (NYSE: XHB)