Tags: Mortgage | Applications | Borrowing Rates | Home Loans

Mortgage Applications Rise in Latest Week: MBA

Wednesday, 05 Aug 2015 07:52 AM

Applications for U.S. home mortgages rose last week as borrowing rates declined to their lowest since May, an industry group said on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 4.7 percent in the week ended July 31.

The MBA's seasonally adjusted index of refinancing applications rose 5.9 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, rose 3.3 percent.

The refinance share of total mortgage activity rose to 51.3 percent of applications from 50.6 percent the week before.

Fixed 30-year mortgage rates fell 4 basis points from the previous week to 4.13 percent, the lowest since May.

The survey covers over 75 percent of U.S. retail residential mortgage applications, according to MBA.



© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Personal-Finance
Applications for U.S. home mortgages rose last week as borrowing rates declined to their lowest since May, an industry group said on Wednesday.
Mortgage, Applications, Borrowing Rates, Home Loans
135
2015-52-05
Wednesday, 05 Aug 2015 07:52 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved