Tags: Mortgage | Applications | Home | Loan

Mortgage Applications Rise in Latest Week: MBA

Wednesday, 11 December 2013 09:42 AM EST

Applications for U.S. home mortgages rose slightly last week after five consecutive weeks of declines, 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 1 percent in the week ended December 6.

The MBA's seasonally adjusted index of refinancing applications rose 2.1 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, ticked up 0.9 percent.

The refinance share of total mortgage activity rose to 65 percent of applications from 63 percent the week before.

Adjustable-rate mortgages (ARMs) rose to 8.1 percent of total applications and is at its highest level since July of 2008.

Fixed 30-year mortgage rates averaged 4.61 percent in the week, the highest since September, up 10 basis points from 4.51 percent the week before.

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

© 2026 Thomson/Reuters. All rights reserved.


Personal-Finance
Applications for U.S. home mortgages rose slightly last week after five consecutive weeks of declines, an industry group said on Wednesday.
Mortgage,Applications,Home,Loan
159
2013-42-11
Wednesday, 11 December 2013 09:42 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

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