U.S. mortgage requests steady as borrowing costs hit four-year high: MBA

[March 07, 2018]  NEW YORK (Reuters) - U.S. mortgage applications held steady last week even as interest rates on 30-year fixed-rate home loans edged up to their highest level in four years, the Mortgage Bankers Association said on Wednesday.

Homes are seen under construction in the southwest area of Portland, Oregon March 20, 2014. REUTERS/Steve Dipaola

The Washington-based industry group said its index on filings to lenders and banks to buy a home and to refinance an existing one was up 0.3 percent to 384.1 in the week ended March 2.

(Reporting by Richard Leong)

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