Mortgage applications fall for third week: MBA
NEW YORK (Reuters) - Applications for U.S. home mortgages fell last week to their lowest level since January as interest rates pushed higher, 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 6.7 percent in the week ended April 8. It was the third week of declines in a row and applications were at their lowest level since the week of January 21.
The MBA's seasonally adjusted index of refinancing applications slumped 7.7 percent, while the gauge of loan requests for home purchases dropped 4.7 percent.
- Exclusive: Angry with Washington, 1 in 4 Americans open to secession
- Scots spurn independence in historic vote, devolution battle begins |
- Alibaba surges 38 percent on massive demand in market debut |
- Eight bodies found after attack on Guinea Ebola education team
- French jets strike in Iraq, expanding U.S.-led campaign against Islamic State |