Tags: Mortgage Applications | Home Loan Demand | Borrowing | Housing

Mortgage Applications Fell in Latest Week as Rates Rose

Wednesday, 12 Nov 2014 07:16 AM

Applications for U.S. home mortgages fell last week as interest rates rose, 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, declined 0.9 percent in the week ended Nov. 7.

The MBA's seasonally adjusted index of refinancing applications fell 1.9 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, rose 1.1 percent.

 

Fixed 30-year mortgage rates averaged 4.19 percent in the week, up 2 basis points from 4.17 percent the week before.

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


 

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Applications for U.S. home mortgages fell last week as interest rates rose, an industry group said on Wednesday.
Mortgage Applications, Home Loan Demand, Borrowing, Housing
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2014-16-12
Wednesday, 12 Nov 2014 07:16 AM
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