Tags: Mortgage | Applications | Home Loans | Refinancing Demand

Mortgage Applications Fall in Latest Week: MBA

Wednesday, 30 Jul 2014 10:43 AM

Applications for U.S. home mortgages slipped last week as refinancing applications dropped, 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 2.2 percent in the week ended July 25.

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, rose 0.2 percent.

Fixed 30-year mortgage rates averaged 4.33 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 slipped last week as refinancing applications dropped, an industry group said on Wednesday.
Mortgage, Applications, Home Loans, Refinancing Demand
107
2014-43-30
Wednesday, 30 Jul 2014 10:43 AM
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