Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Mortgage applications rose in latest week: MBA

Send a link to a friend  Share

[July 09, 2014]  NEW YORK, July 9 (Reuters) - Applications for U.S. home mortgages rose last week as both purchase and refinancing applications increased, 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 1.9 percent in the week ended July 4.

The MBA's seasonally adjusted index of refinancing applications rose 0.4 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, increased 3.7 percent.

Fixed 30-year mortgage rates averaged 4.32 percent in the week, up 4 basis points from 4.28 percent the week before.

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

(Reporting by Caroline Valetkevitch, Editing by Chizu Nomiyama)

((caroline.valetkevitch@thomsonreuters.com; +1 646 223 6393; Reuters Messaging: caroline.valetkevitch.thomsonreuters.com@reuters.net))

[ 2014 Thomson Reuters. All rights reserved.]

Copyright 2014 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Top Stories index

Back to top