Tags: Mortgage Applications | Home Loan | Housing | Refinancing

Mortgage Applications Fall in Latest Week: MBA

Wednesday, 13 Aug 2014 08:52 AM

Applications for U.S. home mortgages fell last week as both purchase and refinancing applications declined, 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, fell 2.7 percent in the week ended Aug. 8.

The MBA's seasonally adjusted index of refinancing applications fell 4.0 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, fell 1.0 percent.

Fixed 30-year mortgage rates averaged 4.35 percent in the week, unchanged from 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 both purchase and refinancing applications declined, an industry group said on Wednesday.
Mortgage Applications, Home Loan, Housing, Refinancing
110
2014-52-13
Wednesday, 13 Aug 2014 08:52 AM
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