Tags: Mortgage | home | loan | Applications

Mortgage Applications Edge Higher on More Refinancings

Wednesday, 09 Oct 2013 07:26 AM

Applications for U.S. home loans rose in the latest week as demand for refinancing outpaced purchases, data from an industry group showed on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 1.3 percent in the week ended Oct. 4.

That follows a dip of 0.4 percent in the week ended Sept. 27.

Editor’s Note:
5 Phases of a ‘Retirement Heist’ Exposed (See Video)

The figures come as a U.S. federal government shutdown has cast a spotlight on fiscal policy, with some economists worrying that the stalemate in Congress could drag on the economy.

MBA data showed 30-year mortgage rates slipped 7 basis points to 4.42 percent, after in September matching the 4.8 percent high for 2013.

The refinancing index gained 2.5 percent after recently hitting the lowest level since June 2009. The index is now at its highest since early August.

Editor’s Note:
5 Phases of a ‘Retirement Heist’ Exposed (See Video)

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Personal-Finance
Applications for U.S. home loans rose in the latest week as demand for refinancing outpaced purchases, data from an industry group showed on Wednesday.
Mortgage,home,loan,Applications
167
2013-26-09
Wednesday, 09 Oct 2013 07:26 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