U.S. mortgage applications fall as home loan rates hit four-year high: MBA

[February 14, 2018]  NEW YORK (Reuters) - U.S. mortgage application activity fell to its lowest in five years as interest rates on 30-year fixed-rate home loans jumped to their highest in four years, the Mortgage Bankers Association said on Wednesday.

A 'House For Sale' sign is seen outside a single family house in Uniondale, New York, U.S., May 23, 2016. REUTERS/Shannon Stapleton/File Photo

The Washington-based industry group's index on mortgage request volume fell 4.1 percent to 399.4 in the week Feb. 9. This was the lowest reading since 390.2 in the Jan. 5 week.

(Reporting by Richard Leong; Editing by Bernadette Baum)

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